Bill O’Reilly has launched a pretty big offensive regarding the price of gasoline. He’s been on air several times extolling the administration to get ahead of the situation and take a leadership role. Personally, I’m not sure that Obama has had much influence on the price of gasoline today. Prices are high today not because of supply and demand, policies where Obama is clearly wrong, but because of the tension in the Middle East. Specifically with Iran.
Given the nature of the world market there is no wonder that gasoline prices are going up. And fast.
But O’Reilly loses me on his solutions.
See, the oil/gasoline markets are global. The demand globally, combined with the supply globally, sets the prices. And the fact that a whole bunch of oil is coming through the Straights of Hormuz means that when that waterway is in danger, prices are going to go up. That’s how the deal works. And no amount f preaching by Bill is gonna change that:
See, Bill wants the oil companies brought in and told that they have to sell their oil to America at a price lower than they can get on the open market.
THAT is not American.
Now, to be fair, Bill mentions that the oil is being produced on American lands with leases signed to by the American government. That oil is ours, the gas is ours; of COURSE we can dictate the who’s and the where’s of the sale.
But we can’t.
Big government statism is ugly. It’s ugly if you are a Democrat and it’s JUST as ugly if you are a republican.