I don’t expect this article to be very popular with readers… but here goes:
It is NOT the oil companies gouging you and me at the gas pumps. No, not by a long shot! The real culprit is environmental regulations. We have our own oil, but the “greenies” will not allow us to extract it and refine it and get it onto the market. All those ridiculous environmental regulations do nothing but insure our dependence on foreign oil. As long as they stand the US will continue to have war after war in the Middle East, and elsewhere, to maintain the “free flow of oil”. THAT is an unpleasant truth Americans don’t want to deal with. But there it is.
There is an article by Brian P. Simpson we recommend you read. Mr. Simpson is an assistant professor of economics in the School of Business and Management at National University in San Diego and the author of the book "Markets Don't Fail". The article we recommend is titled: “Who’s to Blame for the High Gas Prices” published in the April 11th, 2005 edition of SignsonSanDiego.com. You’ll find it at:
But… how about those per gallon prices? By far the largest chunk of those per gallon prices is courtesy of the US Government AND your state government. They are taxes!
Federal tax on a gallon of gasoline is 18.4 cents per gallon. Here, in North Carolina, state tax on a gallon of gasoline is 26.6 cents per gallon and the same on diesel fuel… plus 0.25-cents per gallon inspection tax. The rate increased 2 cents per gallon from 24.6 cents per gallon to 26.6 cents per gallon on 1/1/05. It consists of a 17.5 cents per gallon flat rate… plus a variable rate of 9.1 cents per gallon wholesale component based on a 7% average wholesale price component based on prices from 4/1/04 to 9/30/04 (the average price for that period was 130.34 cents per gallon).
(Courtesy of: http://www.gaspricewatch.com/usgastaxes.asp )
I came across an article by J.B. Williamson, a few days, ago titled: “Who is "gouging" Whom at the Pumps?” . We recommend you read it. You’ll find it at:
Another article by Mr. Williams, over at “Newsbull.com ”, is worth your while, as well. It is titled: “When Gasoline Reaches $5.00 per Gallon...Thank Liberals!” You’ll find it at:
Another interesting and telling point is this: ““Since 1981 when refineries operated at 69% of their capacity, the number of refineries in the U.S. has dropped from 324 to 153.” These troubling statistics are from an article titled: “U.S. government to blame for high gas prices” at:
If you think it is bad now… wait ‘til cold weather next winter and people begin to freeze to death, in their cold homes, because they cannot afford the price of heating fuel to heat their homes!