Prudent Man CFA

Who's Really to Blame for High Gas Prices?

For a start, let's bring term-limits to Congress and remove their pension programs. That way the incumbent doesn't get the usual advantage of incumbency, we get rid of career politicians whose main effort is spend wooing lobbyists and getting reelected. Now we will have the politicians who actually make the laws forced to live with them. Just think of all of the refineries we would have, nuclear power, etc. that would have been built if the Free Enterprise System would have ruled over the Green Lobby, who now is admitting to their foolishness of their ranting while driving their SUVs.

The Free Market is still the best determinant of price. When cartels, such as OPEC, affects the free market a government of citizen politicians must intervene. Considering that OPEC has the power to cut prices and destroy any alternative energy we, unfortunately, have to take collective action. A large tax on energy would, as it should, transfer the cost of oil to those who consume it or use products that do so. There should be no rebates as all they do is bring political log-rolling into the equation. The high taxes would dissuade the consumer from using petroleum products for transportation , increase airline costs and dissuade frivolous use of them, increase the use and expansion of public transportation and, hopefully, dissuade politicians from developing free parking spaces for students and government employees returning that property to taxable status.

The cause of this problem in a undisciplined citizenry awashed with undeserved entitlements.