[FONT=Verdana, System, Arial]The Causes and Effects of High Gas Prices[/FONT]
Much has been said about high gas prices recently, starting in 2005 after
Hurricane Katrina hit New Orleans and the retail price of gasoline spiked for a few weeks. But the price of gas has a number of causes and effects that aren't discussed in any great detail on TV news shows. (Other than sports and weather, nothing is discussed in much detail on
television, but that's another story.) This page represents an attempt to fill in the gaps.
Radical environmentalists and their friends in the
news media would have you believe that high gas prices are primarily the result of corporate greed, poor planning, and insufficient government intervention. In reality, this is a matter of supply and demand, and it is not the proper role of government to intervene.
The major causes of high gas prices include the increased demand for oil in places like China and India, high gasoline taxes, civil unrest in Venezuela, war in the Middle East, political instability in Nigeria, and too few refineries in the U.S. President Obama has blocked the construction of the Keystone XL Pipeline. He has choked off oil production in the Gulf of Mexico. Barack Obama wants to raise taxes on oil companies. There hasn't been an oil refinery built in the U.S. since 1976, thanks to the
environmentalists, EPA red tape, and leftist politicians.
Alaska is floating on oil, but drilling is impeded by environmentalists,
EPA red tape, and leftist politicians. Mr. Obama would rather see us all use
mass transit or drive
electric cars. The Secretary of Energy says he wants gasoline prices to be comparable to those in Europe. State and federal taxes are a large part of the price of gas, and then there's the Federal Reserve's monetary policy, which is weakening the U.S. dollar. On top of all that, Barack H. Obama
hates capitalism, and high gas prices are helping him to systematically strangle the U.S. economy. If you want to pay $7.00 a gallon for gasoline next year, keep voting for Democrats.
On top of all the above, the price of gas is especially high in
California, where radical environmentalism and restrictive environmental laws have been promoted for decades.
And don't get your hopes up about
Ethanol, because that's not a viable solution either.
It's not just gasoline: The price of
everything is going up. There's a subsection about generalized inflation at the bottom of the page.
Note: The newest information is at the top of the page. The farther down you go, the older it gets, in other words. But that might be of some interest to you if you're looking into the recent history of high gas prices. [more]
http://akdart.com/gas.html