I got a comment on my previous post that deserves another post.
Predictably, someone accused me of “not trusting the free market.”
Here’s the comment that was posted:
I don’t even know what party I am in now when I hear Conservatives that do not trust the market.
I ask this person to go back and read what I just wrote and defend his statement.
I said that I trust the free market- but in the case of oil, the market IS NOT FREE.
Let me put it in the form of a question:
1. True of false: OPEC is an international oil cartel that has the power to lower the oil supply, thereby driving gas prices up when they do.
The correct answer is “true,” last time I checked.
When you have an international entity controlling oil supplies, how is that “free?” What’s “free market about it?” Can anyone explain that?
When the demand goes up, price goes up- that’s fair, and that’s the way the free market works.
But when the demand goes up, and a foreign entity intentionally lowers the supply, is that your idea of the free market?
It certainly isn’t mine.
My point is that gas prices are indeed at an all time high- the only people who aren’t upset fall into two categories:
A. People who work in the oil industry
B. People who make enough money to where it’s not impacting their life (yet)
And I didn’t call for any kind of big government solution or investigation into “price gouging.”
I didn’t blame oil companies!
I’m simply stating a matter of fact: if gas prices continue to soar, we’re dead in ’08.
I said the same thing about congress in ’06. I know that other factors contributed to congressional losses, but gas prices were one problem.
Reagan found a free-market solution to our energy problems- president Bush has done nothing- not one damn thing.