Yesterday, I filled up my gas tank and it cost me $4.19 per gallon. That’s an outrageous price. This morning, I had planned to write an article about gas prices, barrel prices and why our government needs to get back or not send out the 4billion dollars in tax substities to the oil companies. I think if a company is making 18 billion in profits, they shouldn’t get any tax breaks. They make enough to pay taxes.
I wanted to look back at an article I wrote a few years ago, but it took a while to find it and now I don’t have time to do any research. But, I still have an opinion, so here it is:
No more tax money goes to oil companies and if they don’t start lowering prices, as they easily could, it’s time for the government to strongly regulate them.
Try not to fall into the supply / demand trap that the oil companies want you to believe. There’s always going to be a demand. We need gas to power our cars, lawn mowers, snow blowers and everything else. We can’t not use gasoline. We’re trapped. Now, I haven’t worked out just how I think the government should regulate them, but I will and I’ll post it here.
I’m not normally one for government regulation, but in this case, I’ll make an exception.