Friday, May 16, 2008

The Oil-Addiction Fallacy

And just to show I'm not picking on just the Republicans, the Democrats won the majority at least in part by blaming Republicans for high gasoline prices. So what's happened to gasoline prices since they took office?

Democratic Congress is attempting to levy stiff taxes on domestic oil (and natural gas), all in the name of trying to force down energy prices. (Earth to Congress; slapping punitive taxes on anything ultimately raises prices for those goods and services.) The obvious purpose is to discourage domestic production of petroleum, making oil-based fuels more expensive, which is ironic, since one reason that voters turned out the Republicans was that they blamed them for high gasoline prices.

Here is the supreme irony: First we are told that we should not be importing oil from Middle Eastern countries or places such as Venezuela, but then we find that the government is also trying to squash domestic production.

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