GAS PRICES

The Democrats are at it again, parading Oil executives in front of their committee to chastize them for making profits and for the price of gas. If Democrats really cared about rising gas prices, then why would they propose a 50 cent increase on the gas tax? Exactly, they wouldn’t. The rising cost of oil is due to their environmental regulations on American businesses.

Starting in the 70’s, when environmentalism became more important than domestic drilling, we became more dependent on foreign oil and we were forced to start rationing oil when in 1973 an international oil embargo was imposed on Western society. When foreign countries decided to stop exporting oil to Western countries, the price of oil skyrocketed (high demand, low supply).

We didn’t learn much from the 70’s. To this day, Democrats (and some Republicans) have blocked domestic oil drilling repeatedly while our domestic demand for oil has continued to rise. It isn’t that the oil companies are running up the prices, it is that the environmentalist liberals are running up the prices by keeping our supplies low and preventing new oil refineries from being built & domestic oil drilling.

Every business in America is there to make a profit. Most of us own stocks in oil companies through our 401K plans. And almost all of these oil companies own subsidiaries non-related to oil production that they make profits from. As stockholders, if they didn’t make a profit, we could sue them. Yet whenever a business does well, they are attacked by Democrats. It doesn’t matter to them that by driving their stock prices down, they are hurting middle class Americans who are investing for their retirement in those stocks. It doesn’t matter to them that when they hurt a business they also hurt the men and women who work for that business.

Drilling for oil can be dangerous. I know it is extremely hard work and most workers are highly compensated for that hard work. Demonizing oil companies is just Congress’ way of diverting attention from their destructive policies and blaming the results on a innocent business. They can’t have Americans realizing that Congress are the ones that are ruining the economy by their regulations on businesses, their corporate taxes that make us less competitive with foreign companies, their environmental policies, their outrageous taxes on individuals, and their unchecked pork barrel spending.

Wake up America - Congress doesn’t fix anything. They are the ones who create our problems. Stop asking for their help and start telling them to butt out.