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More proof that we are governed by bungling fools
The news reports that for the first time since 1978, the federal government authorizes the export of oil. Proof that supply is not an issue. We are held captive by commodities traders who care nothing about this country or the economy. We need to keep our oil at home. Second we need to approve the keystone pipeline before the Canadians lose patience and sell to China. And as icing on the cake, some in congress want to raise the federal gas tax. They argue that since people are driving less, revenues are lower. So lets see, if folks drive less due to higher gas prices and the fed increases taxes and gas goes up even more, will people drive even less? IMHO, the better choice would be to lower the taxes to the point that gas prices will encourage more driving,thus increasing tax revenues.
We do not view the world as it is, but as we perceive it to be.