More Idiocy From U.S. Politicans On Energy Prices
Any honest and intelligent observer would agree that high energy prices is not due to "gouging" (however that is defined), but global supply and demand. And that policies from the U.S. federal government (including bans on drilling in Alaska, failed Mideast war policies, a pork-laden energy bill and punitive import tariffs on cheap Brazilian ethanol) have contributed to reducing supply and therefore to raise prices. But of course, we can't expect politicians (except for Ron Paul and a few others) to recognice facts, particularly not facts that indict government interventions. It is so much easier in the short-term perspective to blame "greedy oil companies". That won't solve the problems of course, but it is more beneficial for the politicans who can turn another one of their failures into something which expands their power.