My idea for lowering gas prices and keep them low. Does it work?
Tully
2012/05/28 05:06:40
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I was pumping gas the other day and noticed, like everyone else, how slow the gallons meter spins versus the total cost. It ridiculous how a commodity can rise almost 400% in less than 15 years. It hits everyone in the pocket and it doesn't look like there's a light at the end of the tunnel.
I went home and studied what some other countries do to combat price fluctuations. Most of Latin American subsidizes gas. Thinking this is more along the lines of Socialism and inherently wrong, I disavowed the idea. Then I looked a little closer. Most of these countries pay the gas stations, not the oil companies, the subsidies. Gas prices fluctuate, after all, its globally traded, but the consumer doesn't see much of an increase.
Why wouldn't this work in the Good ol U.S. of A.
Americans spent nearly $500 billion dollars on gas last year. That's a huge number, but if tax dollars went to station owners to keep the prices under $.50 a gallon, we could see a huge improvement in the economy right away. Food prices will drop and will most services. People will get to keep more of their money.
The money can come from dropping Obamacare. Healthcare will become much more affordable if someone isn't forking over $300+ a month in gas costs.
The Libertarian in me says its not a great idea, but I bet it would have worked a lot better than the Stimulus Obummer gave us.
What do you think?
I went home and studied what some other countries do to combat price fluctuations. Most of Latin American subsidizes gas. Thinking this is more along the lines of Socialism and inherently wrong, I disavowed the idea. Then I looked a little closer. Most of these countries pay the gas stations, not the oil companies, the subsidies. Gas prices fluctuate, after all, its globally traded, but the consumer doesn't see much of an increase.
Why wouldn't this work in the Good ol U.S. of A.
Americans spent nearly $500 billion dollars on gas last year. That's a huge number, but if tax dollars went to station owners to keep the prices under $.50 a gallon, we could see a huge improvement in the economy right away. Food prices will drop and will most services. People will get to keep more of their money.
The money can come from dropping Obamacare. Healthcare will become much more affordable if someone isn't forking over $300+ a month in gas costs.
The Libertarian in me says its not a great idea, but I bet it would have worked a lot better than the Stimulus Obummer gave us.
What do you think?
Oil\gasoline prices were very stable and incredibly low prior to Congress (under lobby by Enron and other oil companies) removed the regulatory powers of the CFTC over American oil futures in 2000. Since then we have seen the price of a barrel of oil shoot from around the $20\barrel mark to typically around $100\barrel with nothing to justify the increases
Reinstate the regulation of the futures trading of oil, that is the best route to keeping the cost of gasoline reasonable
Government-Owned Oil is the way to go. Cut out all profits. In Venezuela, Gas is $0.18 per gallon.