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Want $2.50 a gallon gas? Try $187 billion in subsidies
During campaigning for president, former House Speaker Newt Gingrich has said he plans to bring gas prices down to $2.50 a gallon.
This final note today. We talked about this a couple of weeks ago -- the plan from former House Speaker Newt Gingrich to get gas prices down to $2.50 a gallon. How, we asked, might that happen?
Experts we talked to said, among other things, that Los Angeles and New York would have to stop driving. Completely.
The Atlantic magazine took another track: $187 billion a year in government subsidies.
The math's pretty interesting. Check it out here.
I was listening to you talk about Pres. Obama and gas prices.I have a few things that might interest you.
In 1998 I took a part time job in a covenience store. The price if gasoline here was 85 cents per gallon. In the winter of
1999-2000 gas prices nearly doubled to $1.50. Some ecconomist said that oil and gas prices were "artificially" low,
and this would probably be "the New Normal". As China and India's production increased as well as other Asian countries
the prices kept going up even though our usage was declining.
To add salt to the wound Democrats and the media blamed Amercians and their pickup trucks and SUVs. Meanwhile
our wonderful government was selling American oil and gas to other countries especially Japan. The Clinton Administation
said it was to help Japan's economy recover.
Today America exports 1.5 million barrels of oil and millions of gallons of gasoline at prices cheaper than we pay, even to Mexico
which is rich with oil.Most people are unaware of this. The government has banned more drilling in the Gulf of Mexico yet China
Is drilling just outside of US waters.Republicans keep saying drill and expolore for more oil anywhere possible to lower prices
I ask for who it sure won't be for us.
Oh! And by-the-wayit was Bill Clinton that sealed up lands with low sulfer coal to reduce American production for our own good.
