THE PROGRESSIVE CONSERVATIVE, USA

An Online Journal of Political Commentary & Analysis
Volume IX, Issue # 224, November 30, 2007
Dr. Almon Leroy Way, Jr., Editor
Government Committed to & Acting in Accord with Conservative Principles
Ensures a Nation's Strength, Progress, & Prosperity
Home Page   Main Menu   Recent Articles   Site Map   Website Index   Issues & Controversies
  Cyberland University   Political Science, Philosophy, & History: Lectures   U.S. Constitution
  American Constitutional Law   American Constitutional System   American Political System
  Conservatism, Liberalism, & Radicalism   How America Goes to War
  World War IV: Islamist Terror War Against the U.S.A. & the West

PAIN AT THE PUMP
By Dr. Ron Paul

GOVERNMENT INTERVENTION & ENERGY COSTS:  HIGH TIME TO TAKE AN HONEST LOOK AT THE U.S. GOVERNMENT'S DIRECT & INDIRECT ROLE IN INFLATING TRANSPORTATION FUEL PRICES AT THE GASOLINE & DIESEL PUMPS -- THE IMPACT OF TAXATION, MONETARY POLICY, & ENVIRONMENTAL REGULATIONS ON FUEL PRICES -- THE PROPOSED AFFORDABLE GAS PRICE ACT OF 2007 & WHAT IT WOULD DO
FULL STORY:   Last week, Americans traveled approximately 2 billion miles to celebrate the Thanksgiving holiday with family and loved ones. While you cannot put a price on time with family, Americans sure felt the pain of higher fuel prices at the gas pump. It is time to take an honest look at the government's direct and indirect role in inflating those prices.

Taxation is the most direct way government increases Americans' cost at the pump. The national average price of gas now is well over $3.00 per gallon now, $4 in some areas. Federal taxes take 18.4 cents, while state and local taxes average another 28.5 cents per gallon. That's an average of 47 cents per gallon Americans are paying just for government, but that is just the tip of the iceberg. Less directly, our loose monetary policy gives taxpayers double jeopardy at the pump, simultaneously increasing prices and undermining purchasing power. Wages always lag behind price increases, making average Americans feel as though they can never quite keep up, never quite get out of debt. Not to mention the ripple effect of higher diesel costs on the trucking industry. When trucking and shipping is more expensive, everything is more expensive.

The indirect costs government imposes on gas prices are much more serious. A major bottleneck that causes gas prices to surge is our very meagre and vulnerable refinery capacity, due mostly to regulatory red tape. Environmental regulations and litigation have kept our existing refinery capacity barely adequate. In fact, no new refineries have been built since the 1970s and these are operating at capacity, which makes our gasoline market especially vulnerable as demonstrated by skyrocketing gas prices in the aftermath of Hurricane Katrina, when many coastal oil facilities were brought to a halt. In addition, many foreign refineries don't have the ability to produce the specialized blends of gasoline mandated by our government, and therefore 90% of our gasoline is refined in the United States under extreme regulatory burden. When our domestic refineries are damaged or jeopardized, there are few options other than soaring prices or long lines.

I have introduced into the U.S. House of Representatives the Affordable Gas Price Act (HR 2415) to deal with some of these issues. My bill would suspend federal fuel taxes when prices rise above $3.00 a gallon, giving some immediate relief at the pump. It would also repeal misguided legislation that causes more investment in attorneys and nuisance litigation than in actually producing affordable gasoline and strengthening our refining capacity. Also, it would open up the Arctic National Wildlife Refuge (ANWR) for oil exploration and repeal the federal moratorium on off-shore oil drilling.

In the past, much of government intervention in the oil industry has been counter-productive and has resulted in disastrous unintended consequences. This Thanksgiving, I was grateful for every mile Americans can still afford to travel to be with family. I am working hard in Congress to reverse the costly trend of government interference and return markets, including oil markets, to true economic freedom.


LINKS TO RELATED TOPICS:
Political Economy -- Philosophies, Systems, & Public Policies:
Government, the Economy, & Economic Prosperity

Fiscal Policy: Taxation & Government Spending

Political Environmentalism Versus Human Progress & Prosperity:
Policy Issues Relating to Energy, Environment,
& Natural Resources



Dr. Ron Paul is a Republican member of the United States House of Representatives, elected from and representing the Fourteenth Congressional District of Texas. Congressman Paul is considered to be one of America's leading spokesmen for constitutional government, the rule of law, liberty under law, the private enterprise system,, free market economics, sound monetary policy, and fiscal restraint on the part of the U.S. national government.

Currently, Congressman Paul is a contender for the Republican Party's nomination as its candidate for U.S. President in the presidential election of 2008.




Return to Top of Page

Go to the WEBSITE INDEX

Return to Beginning of
THE PROGRESSIVE CONSERVATIVE, USA,
Public Issues & Political Controversies


Return to Beginning of
THE PROGRESSIVE CONSERVATIVE, USA
Most Recent Articles


Return to Beginning of
THE PROGRESSIVE CONSERVATIVE, USA,
Volume IX, 2007


Return to Beginning of
THE PROGRESSIVE CONSERVATIVE, USA,
Subject Matter Highlights


Return to POLITICAL EDUCATION Homepage

CONTACT & ACCESS INFORMATION




LINKS TO PARTICULAR ISSUES & SUBJECT MATTER CATEGORIES
TREATED IN THE PROGRESSIVE CONSERVATIVE, U.S.A.:

Africa: Black Africa * Africa: North Africa * American Government 1
American Government 2 * American Government 3 * American Government 4
American Government 5 * American Politics * Anglosphere * Arabs
Arms Control & WMD * Aztlan Separatists * Big Government
Black Africa * Bureaucracy * Canada * China * Civil Liberties * Communism
Congress, U.S. * Conservative Groups * Conservative vs. Liberal
Constitutional Law * Counterterrorism * Criminal Justice * Disloyalty * Economy
Education * Elections, U.S. * Eminent Domain * Energy & Environment
English-Speaking World * Ethnicity & Race * Europe * Europe: Jews
Family Values * Far East * Fiscal Policy, U.S. * Foreign Aid, U.S. * Foreign Policy, U.S.
France * Hispanic Separatism * Hispanic Treason * Human Health * Immigration
Infrastructure, U.S. * Intelligence, U.S. * Iran * Iraq * Islamic North Africa
Islamic Threat * Islamism * Israeli vs. Arabs * Jews & Anti-Semitism
Jihad & Jihadism * Jihad Manifesto I * Jihad Manifesto II * Judges, U.S. Federal
Judicial Appointments * Judiciary, American * Latin America * Latino Separatism
Latino Treason * Lebanon * Leftists/Liberals * Legal Issues
Local Government, U.S. * Marriage & Family * Media Political Bias
Middle East: Arabs * Middle East: Iran * Middle East: Iraq * Middle East: Israel
Middle East: Lebanon * Middle East: Syria * Middle East: Tunisia
Middle East: Turkey * Militant Islam * Military Defense * Military Justice
Military Weaponry * Modern Welfare State * Morality & Decency
National Identity * National Security * Natural Resources * News Media Bias
North Africa * Patriot Act, USA * Patriotism * Political Culture * Political Ideologies
Political Parties * Political Philosophy * Politics, American * Presidency, U.S.
Private Property * Property Rights * Public Assistance * Radical Islam
Religion & America * Rogue States & WMD * Russia * Science & Ethics
Sedition & Treason * Senate, U.S. * Social Welfare Policy * South Africa
State Government, U.S. * Subsaharan Africa * Subversion * Syria * Terrorism 1
Terrorism 2 * Treason & Sedition * Tunisia * Turkey * Ukraine
UnAmerican Activity * UN & Its Agencies * USA Patriot Act * U.S. Foreign Aid
U.S. Infrastructure * U.S. Intelligence * U.S. Senate * War & Peace
Welfare Policy * WMD & Arms Control


This is not a commercial website. The sole purpose of the website is to share with interested persons information regarding civics, civic and social education, political science, government, politics, law, constitutional law and history, public policy, and political philosophy and history, as well as current and recent political developments, public issues, and political controversies.



POLITICAL EDUCATION, CONSERVATIVE ANALYSIS

POLITICS, SOCIETY, & THE SOVEREIGN STATE

Website of Dr. Almon Leroy Way, Jr.

Government, Politics, Public Policy, Legal Issues, Constitutional Law, Government & the Economy, Cultural Values, Foreign Affairs, International Relations, Military Defense & National Security, Geopolitics, Terrorism & Homeland Security, American National Interests, Political Systems & Processes, Political Institutions, Political Ideologies, & Political Philosophy

INDEX FOR THE ENTIRE WEBSITE

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z




THE PROGRESSIVE CONSERVATIVE, USA

An Online Journal of Political Commentary & Analysis

Dr. Almon Leroy Way, Jr., Editor

Conservative & Free-Market Analysis of Government, Politics & Public Policy, Covering Political, Legal, Constitutional, Economic, Cultural, Military, International, Strategic, & Geopolitical Issues


Conservative Government Ensures a Nation's Strength, Progress, & Prosperity