AmericanTruckersAtWar

Professional, Polite, Prepared to Kill

Greens’ stranglehold on Congress

What assumptions do congressmen make about the American people? Do they assume that we’re dumb or ill-informed about the energy problems we are experiencing? Every time there has been a huge spike in gasoline, Congress hauls oil company executives before their committees to accuse them of greed, obscene profits and price-fixing. One federal investigation after another of supposed oil company misconduct turns up nothing to substantiate congressional allegations. Unfortunately, the congressional hearings make front-page news and lead the evening television news, but the results of federal investigations that follow are only casually mentioned deep in the body of newspapers and get little or no time on the evening television news. If news media people had an ounce of integrity, they would highlight the federal investigation findings that undermine congressional charges of oil company misconduct, and they would question the members of Congress who made those charges.

Americans might prefer heroes-and-villains explanations to problems to reality-based explanations. A politically satisfying explanation for today’s $4 a gallon price, when it was less than $2 a gallon a couple of years ago, is because oil company executives have all of a sudden become greedy in their pursuit of “obscene” profits. As such, congressmen, as our heroes, should call these greedy men on the carpet and take sanctions against them in the forms of windfall profits, price controls and other measures to take away their ill-gotten gains – never mind the effects of the 1980 windfall profits tax. According to the Congressional Research Service, the 1980 windfall profits tax had the effect of decreasing domestic production by 3 percent to 6 percent, thereby increasing American dependence on foreign oil sources by 8 percent to 16 percent.  For World Net Daily

Wise words from Walter Williams…

RTaylor

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June 5, 2008 - Posted by | economy, trucking | , ,

1 Comment »

  1. Every uninformed person I have talked to about high gas prices always says something like, “The Government needs to get onto those oil companies.” Not to insult anyone, but that is only said of ignorance.

    Comment by Jeremy Sarber | June 5, 2008 | Reply


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