This morning, I came across a Facebook event, titled “GAS STRIKE,” that nearly a half-million people have signed up to “attend” today. Sadly, their effort — which involves boycotting gas stations for one day — is a misguided effort driven more by emotion and ignorance than common sense.
Oil companies produce the oil and make it available on the marketplace, but the price is set by the markets in much the same way as farmers accept the going rate for commodities such as corn and soybeans.
Americans who want “change” in the form of lower gas prices at the pump should stop venting their outrage against oil companies and the small business owners who operate gas stations and convenience stores across the nation. After all, it didn’t work when tried June 19. Instead, they should demand President Barack Obama and his underlings — a group that includes Interior Secretary Ken Salazar, Energy Secretary Dr. David Chu and everyone in the EPA — end their war of regulation and red tape that is preventing U.S. oil and natural gas companies from tapping domestic sources of energy.
No one but the Obama Administration is responsible for gasoline prices reaching $4 per gallon and higher. If Obama wants to improve the everyday lives of Americans via lower fuel prices, he needs to conduct business in a way that allows more drilling onshore and offshore so that we can actually reduce our dependence on foreign oil and keep 9.2 million Americans gainfully employed and contributing to the economy.
To learn more about how gas prices are set, read The Facts about Rising Gas Prices, an Energy Tomorrow blog post published yesterday.
If you need help paying for gasoline until the Obama Administration ends its war against “Big Oil,” buy a “Will work for fuel” t-shirt.
UPDATE 3/10/11 at 12:28 p.m. Central: Sen. Jim Inhofe (R-Okla.) makes my point in a just-released video (below). He even mentions Obama’s statement about skyrocketing electricity prices, a topic I covered in this Nov. 3, 2008, post.
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