Big government’s knee-jerk reaction to high gas prices
To paraphrase everyone’s favorite accidental philosopher Yogi Berra, it’s déjà vu all over again in America: Another summer approaches with gasoline prices high, injecting economic growth-chilling doubt into people’s vacation plans. Our leaders’ response is also regretfully familiar: rather than remove self-imposed impediments to domestic energy development, government remains asleep in the control tower, resorting to unproductive demagoguery and half-measures.
World-wide demand for oil has long been on the rise; instability in the Middle East is constant; and our deadly dependence on foreign oil controlled by oligarchs and despots is a decades-old reality. So why is America still the only oil-producing nation in the world that limits access to its own abundant energy resources?
Read more at the Washington Examiner: http://washingtonexaminer.com/politics/blogs/beltway-confidential/2011/05/big-governments-knee-jerk-reaction-high-gas-prices#ixzz1NHArwIMJ