Bringing Down Gas Prices
CNN (Cable News Network)’s Dana Bash says there is absolutely nothing anyone can do to bring gas prices down. I am sure Exxon-Mobil wants you to think this and they paid Ms. Bash to expound this view. Here are some things that could be done:
~ Roedy (1948-02-04 age:69)
- The oil companies are obscenely profitable because they eliminated competition through mergers and acquisitions. They need to be split up so there is true competition. A century ago Standard Oil was split up in an anti-trust measure. Now the oil companies have undone that work and then some.
- Canada successfully tackled the problem by creating a small oil company, Petrocan, whose sole job was to compete and keep the other companies honest. The oil lobby eventually bribed Brian Mulroney to kill it.
- Conservation will effectively expand the fuel supply. We need to get rid of gas guzzlers.
- Alternative fuels expand the fuel supply. Oil is getting rarer and rarer. In the long run we have to give it up altogether. Let’s get on with replacing it.