mises.org — Gas prices are up and oil executives are once again testifying before Congress. Clearly, many politicians, pundits, and consumers lament the rising cost of gas. Before we join them in their chorus, let us take a step back and ask this question: Are gas prices really all that high?
Apr 22, 2008 View in Crawl 4
afruff23Apr 23, 2008
BTW, I said $10 per gallon of GAS.
biotchApr 23, 2008
I thought Id do that once until I took a train across the whole country and realized just how big this country actually is. You're in for a rude awakening if you think gas prices are just half UK prices out there in no man's land.
tsothaApr 23, 2008
I love these kinds of articles. It's all because of those greeeeeedy speculators. Look, there's no barrier to you or I investing in NYMEX. If you *really* believe Der Spiegel has it right, you can just open a brokerage account and make a killing in the oil futures market. I mean, a speculative bubble is bound to collapse. Why are you posting on Digg instead of putting your money down? Hell, if I were as sure as you I'd be leveraged up to my eyeballs and just waiting hungrily for the windfall.
tgolfermanApr 24, 2008
Remember the Bush Administration Tax Incentives for Business Purchase of Gas Hogs? Helping U.S. Manufacturers sell gas hogs, increasing gas taxes a result of poor mileage, and making the Saudi's, who hold a large portion or our national debt, happy was that ploy. The good book says, "a borrower nor a lender be" and the fact that the U.S. has to worry about all the national debt held by the Chinese, Saudis, Taiwanese, Singaporeans, etc., and cannot utilize proper fiscal and monetary tools to fight inflation is testament to the wisdom of the good book. Keynes and his defecit spending theory. God save us!
tsothaApr 24, 2008
I can't decide if you're being deliberately obtuse or you're just dense. What is it you don't understand? As the price of oil goes up, it will be replaced by other forms of energy. That was my point. What is yours?
tsothaApr 26, 2008
You really don't understand economics do you? Tell me, was this not covered in Marxism 101?
Closed AccountMay 1, 2008
I pick you for a troll now....I must say bravo....
ingereMay 27, 2008
Let's blame the people who don't drive fuel efficient cars. That will get us a lot farther<a class="user" href="http://used-cars-sales.biz/FuelEfficientUsedCars">http://used-cars-sales.biz/FuelEfficientUsedCars</a>
warlokaz2004Jun 20, 2008
And today Dem's in Congress callede for the Nationalization of Oil refineries. I called it. I should be in Congress or something.