Obama on A Real Solution for High Gas Prices

And compare that 'speech' with Bush:

September 28, 2006
President Bush Discusses Energy in Alabama
Hoover Public Safety Center
Hoover, Alabama
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"So anyway, so I said, Officer Parker, I said -- first, I told him thanks for serving. And then I said, you've got a choice, don't you, between gasoline and E85? He said, I do. I said, which one do you pick? He said, E85. I said, why? He said, because it's got a little better "git up" to it. In other words, it works just fine.

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"We think it's in our national interest that ethanol penetrate more market -- in other words, more people use ethanol."

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"In other words, corn is good, and so is sugar. But you can imagine it's going to put a little strain on the corn market after a while if the only raw material we use for ethanol is corn.

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Bush speeches make me want to clean my ears with a Dremel.

Good! I'm sick of reading headlines like yesterday's: Exxon reports record breaking profit. $15 billion at the end of the quarter, making a new record for any American company ever.

http://www.nytimes.com/2008/10/31/business/31oil.html?ref=business

Nobody ever mentions the 15% the government makes on a gallon of gas..they just complain about the 5% that the oil companies make. What other product is taxed at a rate three times what the manufacturer profits?

Yeah, those poor oil companies. It brings a tear to my eye.

What high gas prices? It's the price of oil that's high. Compare US prices around the world and you'll see that gas is relatively cheap. I say tax it more and reduce consumption, not make it more affordable and remove the incentive for alternative energies. But then I'm one of those socialist commie bastards. :D

What high gas prices? It's the price of oil that's high. Compare US prices around the world and you'll see that gas is relatively cheap. I say tax it more and reduce consumption, not make it more affordable and remove the incentive for alternative energies. But then I'm one of those socialist commie bastards. :D

Actually, both oil and gasoline are so cheap (for what they provide), it isn't funny. How much do you think a battery pack that weighed less than 100 lbs., took ~2 minutes to recharge, and could carry the average American gas guzzling behemoth for 300 or more miles per charge would sell for? I'm willing to bet it would cost a heckuva lot more than $2.399 x 12 each. <--That is the current local price for reg. unleaded times the size of the average midsize sedan's fuel tank. Oh, and gasoline weighs ~7 lbs./gallon.

Anywho, without oil, we have no gasoline, no diesel, no kerosene, no plastics, no long term lubrication of any type, etc. Oil would sell for $500-1,000/barrel if it were discovered today, I'm guessing. I've actually been a long time supporter of a $5/gallon national tax on gasoline and diesel. Tony Blair put a 5£ tax on all fuel in the UK about 15 years ago, and all of his detractors said "We won't be able to survive!!1!11" My guess is they would not want to trade economies with us ATM, and we have lower fuel taxes than every European nation. ;)