Rod Kaufman said:
The problem:
http://money.cnn.com/2012/03/18/news/economy/gas-prices-aaa/index.htm?hpt=hp_t1
Again, we're talking short term solutions here.
Take a look at the video in the link of Richardson's thoughts on it.
My take:
1. Tap the strategic oil reserve. We've got enough of it to do it and justify it due to the impact on an economy recovering from a great recession.
2. Temporarily reduce oil exports from our country to others based upon prioritizing the need.
3. Escort oil tankers with multinational task force to remove the threat of a closure of the strait of Hormuz.
4. Temporarily reduce the tax on gas at a national and state level.
5. Increase the gas guzzler tax on large vehicles like pickups and SUVs and use it to offset the difference on lost revenues due to the reduction of gas tax.
6. The Saudis have already stated they will increase oil flow if Iran goes to war. Diplomatic efforts need to begin that process now.
7. Lower the cost of public transportation in the short term until the current crisis has eased.
8. Stop the practice of "zoning" wherein regional gas prices are fixed per area.
9. Stagger the shut down cycles for oil refineries for maintenance so they don't all shut down at the same interval.
10. Curtail oil market speculation now before it kills the economy.
Any other ideas other than it's Obama's fault?
Here's a few you didn't mention:
1. Open *all* restricted public lands (ANWR, etc.) to drilling immediately (with appropriate environmental safeguards *and* with stipulations on the costs of any environment damages to be borne by those producing...
2. Reinstate shallow, and deep water permitting (down by double digit percentages last 3 years), same provisos
3. Approve Keystone pipeline immediately
4. Loosen regulations (incent?) interstate construction of natural gas pipelines (so we can create an infrastructure that could actually support 50 state adoption of LNG powered vehicles). We have sufficient, proven, reserves to run our country for a very long time, but regulations over the last 50 years means that many (most) areas have no direct access to LNG/NG
In disagreement with your ideas, Do NOT:
1. Tap strategic reserve. Lowering prices short term defines tactical, not Strategic. It's Strategic if, for example, nuclear war decimated the mid-east... as but one example
2. Increase, not decrease our oil exports. Increasing them increases global supply driving worldwide prices down. It also has the nice benefit of bringing an *income* to our currently $600Bn out of balance, balance of trade, which would hugely help our economy (not to mention reduce our indebtedness to, say, China, among others
3. You cannot legislate *any* type of price controls; all they do is cause supply to shrink, increasing prices and creating shortages... Anyone remember the set of idiots to try that? (Hint it was both republicans and democrats - from Nixon to Carter)... same goes for trying to "curtailment of speculation".. doesn't (can't) work.
4. Eliminate *all* federal mandates for various fuel types/cut-overs by date/region; this is ridiculous and creates all sorts of well-documented unnatural disruptions in the market.