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Originally Posted by loquitur
no, will. Higher gas prices in the US now are the result of higher petroleum prices in the spot market. And the US prices are still much lower than in other countries.
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Yes, petrol prices are up globally, but not by the percentage increased here in the US. If the raise in our prices were directly related to the rise in the oil industry's prices, they wouldn't be enjoying such high profits.
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Originally Posted by loquitur
"Unchecked free market power" is a non sequitur, and evinces a degree of confusion about what a free market is.
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I worded it that way on purpose. The "free" market isn't ever free. Either it's corporate controlled, government controlled, or some combination. In oil's case, it's far too corporate controlled. There needs to be some balance, which usually either means the customers revolt or the government intervenes. The customers in the US are too lazy to revolt, and the government is way too friendly to big oil, so it's up to people to invent their way out of the problem.
My thinking is that we should take the lazy way out and simply copy Europe's cars, like bringing over cars like the Smart ForTwo (which is now available in the US). 50 mpg gas and 69 mpg diesel is way better than anything the US has.
