Congressman Dr. Ron Paul (R-TX) has a three point plan that he thinks will help Americans struggling between putting food on their families, or filling the tank of their Sport Utility Behemoth so they can continue to drive to work to make more money so they can fill the tanks of the Sport Utility Behemoths so they can drive to work.
First: We must reassess our foreign policy and announce some changes.
One of the reasons we went into Iraq was to secure “our” oil. Before
Iraq war oil was less than $30 per barrel; today it is over $70.
sooner we get out of Iraq and allow the Iraqis to solve their own
better. Since 2002 oil production in Iraq has dropped
sabotage and fires are routine; we have been unable to
Soaring gasoline prices are a giant unintended
consequence of our invasion, pure
Second: We must
end our obsession for a military
confrontation with Iran. Iran does
not have a nuclear weapon, and
according to our own CIA is not on the verge
of obtaining one for years.
Iran is not in violation of the Nuclear
Nonproliferation Treaty, and has a
guaranteed right to enrich uranium for
energy—in spite of the incessant
government and media propaganda to the
contrary. Iran has never been
sanctioned by the UN Security
Council. Yet the drumbeat grows louder for
attacking certain sites in
Iran, either by conventional or even nuclear
resolutions by Congress stir up unnecessary animosity
toward Iran, and
create even more concern about future oil supplies from the
East. We must quickly announce we do not seek war with Iran, remove
the economic sanctions against her, and accept her offer to negotiate a
diplomatic solution to the impasse. An attack on Iran, coupled with
continued presence in Iraq, could hike gas prices to $5 or $6 per gallon
home. By contrast, a sensible approach toward Iran could
quickly lower oil
prices by $20 per barrel.
Third: We must remember
that prices of all
things go up because of inflation. Inflation by
definition is an increase
in the money supply. The money supply is
controlled by the Federal Reserve
Bank, and responds to the deficits
Congress creates. When deficits are
excessive, as they are today, the
Fed creates new dollars out of thin air to buy
Treasury bills and keep
interest rates artificially low. But when new
money is created out of
nothing, the money already in circulation loses
value. Once this is
recognized, prices rise-- some more rapidly than
others. That’s what
we see today with the cost of energy.
Of course, while all of this is feasible, it's hardly likely we'll se anyone in Congress actually doing something in support of these ideas. It's much easier to just give the taxpayer a small portion of his taxes back so it can trickle back up into the pockets of big oil, who then won't be asked to pay any taxes on it as asking US corporations to pay taxes on the oppurtunity to participate in the largest consumer market on the planet is, well, unAmerican. As is asking the government to tax the oil companies who are reaping record profits at a time when the rest of the country is costantly being asked to make sacrifices. The oil companies would only raise prices to cover the increased tax anyway.
Of course, we could just reduce our use. Cutting demand would lower prices as well, but asking an American to not use their car is a lot like asking a drug addict not to use their drugs.