Thursday, September 01, 2005

Gasbloggin'



I received this email from an old friend yesterday:
PETITION FOR PRES. BUSH: Presidential Petition--Please do NOT let this petition stop and lose all these names. If you do not want to sign it, please forward it to everyone you know.

To add your name, click on "forward". You will be able to add your name at the bottom of the list and then forward it to your friends. Or, if necessary you can copy and paste and then add your name to the bottom of the list.

PETITION TO LOWER GAS AND DIESEL PRICES IN THE UNITED STATES:
It then asks the 2,000th petitioner to forward it to President Bush and gave an email address. There were over 1,500 names attached.

Now folks, let's get serious. Just what do you expect the President to do about gas prices? He's had it tough enough trying to influence U.S. laws (Social Security, tort reform, etc.) how can he be expected to have any influence over the law of supply and demand?

The price of gasoline has been driven up by the forces of too many dollars chasing too few goods. More precisely, two many dollars, yen, euros and yuan chasing too few barrels of crude. Prices will come down if and when production is increased, demand is decreased, or both.

It's a really great thought that Dubya could slash pump prices back to a buck a gallon with the stroke of a pen or some sort of Presidential proclamation, but it just doesn't work that way. Sorry.

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