WillowTree
Diamond Member
- Sep 15, 2008
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if you understand supply and demand you understand that gas is directly tied to the price of oil. oil is also a commodity which is sold on the open markets and available for speculation. the GOP touts the free market system as the best system in the world. well this is a result of the free market system. if demand outpaces supply, prices increase. which is what is currently happening.
now you may say that its because Obama is limiting drilling on the north american shelf. this again is not true at all. Domestic drilling and oil production is at its highest level in history. the problem is that oil once again is a commodity and its price is set on the open market.
if the president were to unilaterally fix gas prices, then you could actually call him a socialist or a communist. since this is actually a part of the socialist / communist ideology. when the government control, fixes, or alters an industry unilaterally, it is in essence the definition of socialism / communism. if this is what the GOP/TP/Conservative want, its extremely hypocritical.
so oil was about 79$ a barrel yesterday? does that mean gas should be $6.00? Wow!