The Last Post on Gas Prices

And by the way, why are so many calling for cuts in subsidies to oil and gas companies and linking it to calls to establish lower fuel prices? Wouldn’t the actual effect be just the opposite? I completely agree that we do need to eliminate corporate subsidies, but the reason to do so isn’t to have lower gas prices. Don’t we hear farmers saying the we “need” farm subsidies because otherwise a loaf of bread would cost $7.00? So yes, get rid of the handouts to the oil companies, but don’t expect it to lower fuel costs. In fact it may even increase prices (although I wouldn’t expect that effect to be especially large).

OK, I’m done. Really, I’ve got to let go.