Why are REPUBLICANS trying to undermine the free market?

by Sal on November 9, 2005

in Politics

I am ashamed of my party today. The political grandstanding of the members of the United States Senate with their hearings on the so-called “Price Gouging” of the oil companies smacks of socialism. To have people like Sen. Pete Domenici and Scott McClellan sounding like Ted Kennedy and she who must not be named.

The real problem is the federal government, and that’s where the hearings should be focused. The federal government has regulated the oil industry to death. No refineries have been built in decades, and the environmental regulations on gasoline formulations is draconian. If the federal government is serious about lowering gas prices, they should do the following:

  1. Begin the process of building more refineries to increase our refining capacity.
  2. Remove the ridiculous requirement for different formulations of gasoline for different parts of the country
  3. Remove the gas tax.
  4. Allow drilling in ANWR and offshore exploration in the Gulf of Mexico. This will increase our supply and lessen our dependence on foreign oil.

If you do these things, not only will the gas prices plummet, but the economy will take off, providing more jobs and opportunity for everyone. Less government regulation, better results for all Americans.

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