This has been a fun debate...however, I had to duck out and go home.
The law of supply and demand works. Had the government capped gas prices....heck what am I saying IF, in my area, they did....guess what would happen and did? SHORTAGES. No one in my area had gas to sell. The supply was disrupted/reduced and everyone's freak-o-meter was going off and there were runs on the gas stations. The stations that kept a reasonable price lost gas and convenience store purchases when they sold out. The stations that raised the price extremely sold to those who desperately needed gas.....the people that were fillling up every car they own, every lawnmower, every gas can, every mason jar wouldn't pay it. That left gas for others that needed it. I swear I saw a guy at a pump (with about 20 people in line behind him) almost get pummelled. He had his truck with a trailer behind it. He had his lawnmower, a four-wheeler, several ~3 5 gallon gas cans, and several other small ones and was filling everything up. The high gas prices on that Wednesday stopped some of that.
Gas prices are high because of hurricanes and China's demand. China is booming at a rate we can't even understand so the cost of steel and gas and many other raw materials is higher.
All of you liberals who hate the gas stations and paying $2-$3 per gallon...I am sure that you wrote your representatives to demand that we start drilling in ANWR (a tract of land specifically set aside FOR DRILLING) and off the coast of Florda. Right? If it wasn't for the liberal Senators and the liberal environmental lobby then we would be taking that oil which is estimated to be about 30 years worth of what we import from the middle east every day. Oh no, we put the mating habits of a Caribou (which are flexible and will get it on elsewhere) above our national security and our economy. But then we have the audacity to complain because someone in the oil business makes money. America hasn't built a single refinery in some 30 years because the idiot environmentalists (so called, most hate America and are more accurately anti-Capitalists) have filed so many law suits that it is all but impossible economically. Further, these so-called environmentalists have made so many blends necessary for the various States that it drives prices higher because the refineries we do have must stop making blend B for GA so they can make blend z for CA.
For all of you that have complained about Exxon, how many actually went and read their financial statements to see where most of their profit came from? I believe that a huge chunk of it and possibly a majority of it came from overseas sales. Not all oil that Exxon sells is sold here.
Teach your kids independence from the Federal Government. Teach them to be successes in industry. Teach them personal and community responsibility and to love success. Maybe, just maybe, they will grow up and be successful and hated by self-indulgent people who obviously were kept down by George Bush's newly imposed Caste system.....couldn't be that they are where they are because of their own decisions and actions....right?
Cal