Quote:
Originally posted by The Reaper
Why are they high?
Speculators and futures markets. Inventories are more than adequate.
Expanding Chinese economy is also increasing international market demand for oil.
Want to lower prices? Can you end futures trading of oil and gasoline?
Why else? Environmental laws.
Want to drop prices? Get back to a few blends of gas with no special state requirements. Create incentives for new refinery construction. Approve limited drilling in the ANWR. Encourage construction of new nuclear power plants to replace fossil fueled generation.
What else?
Develop a fuel cell powered auto and make it practical and affordable. Nail in the coffin of OPEC. The countries would implode as their economies failed.
TR
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Looks like we have our new energy policy!
Still have the issue of whether Iraq should contribute to the costs of the war . . .