Talk is cheap and gas certainly isn’t. With the price hovering in the vicinity of the 4 dollar mark in the Hoosier state, Indiana citizens have to take a long hard look at how this will be handled by our new President.
Let’s start with democratic hopeful Hillary Clinton. According to her website, www.hillaryclinton.com/news/release/view/, her first initiative will impose a windfall tax on gas companies and use the money to suspend gas tax during peak summer months. She also mentions pressuring OPEC to produce more oil and cracking down on speculation by energy traders and market manipulation in oil and gas markets that are driving up the price of oil by at least $20 a barrel.
Will this work? I am not so sure that reducing the tax on gas will be enough to drive prices down to where we were once accustomed to.
That era is most likely gone. I hate to be skeptical but the time when gas was less than 2 dollars is probably ancient history. Hopefully one of our hopefuls will prove me wrong, Right now the tax on gas is just over 18 cents a gallon. If you alleviate that, then you would save about 3 and half dollars every time you fill up a 20 gallon tank. That could add up over the long haul but it’s not immediate and amazing relief.
Barack Obama talks about the gas prices during one his on air ad’s at http://my.barackobama.com/page/content/gasprices1
“We could suspend the gas prices for six months,” he says. “But that’s not going to bring down gas prices long term. You are going to save 25-30 dollars, or half a tank of gas. That’s typical of how Washington works.”
Barack says business in Washington has to change. He, too, wants to challenge oil companies but he wants to develop alternate fuels. He also hopes to build cars that use less gasoline. Here are his hopes to curb spending on fuel at obama.senate.gov/podcast/060511-a_real_solution/. Finding an alternative may cost the country more in the short term. But it could hopefully resolve a recurring issue in the long term. I am excited at the prospect of not having to bargain with other countries and instead becoming self sufficient. Why should we have to pay people who don’t even live here millions and millions of dollars each year just to drive a vehicle?
Republican candidate John McCain wanted to also suspend the gas tax. He proposed that we do it from Memorial Day to Labor Day this year to ease the burden of rising prices. He calls it a summer gas tax holiday. I just assume it’s another short term solution to a growing problem. His campaign also mentions at johnmccain.com/involving/petition.aspx that we will stop filling the Strategic Petroleum Reserve to reduce demand.
I guess if I were going to vote for a president on this issue alone then I would choose Obama, because he is the only candidate constantly pushing for alternatives to gas. I don’t think we will see the end of this issue before the next presidential election. But I agree that we need to start taking the steps to find an alternative to what we currently use as fuel. Electric Cars may not be the wave of the future. But we could certainly try to build cars that are most efficient as a general rule. No candidate has a specific plan that delves into science and specifically explains what those alternatives are. Maybe that’s because we haven’t done the research necessary to see what is plausible and what isn’t. Even if that costs the country money in the short term we need to explore those options. I think Barack has the plan to is most similar plan to my point of view. Who is to say that reducing gas prices lies in the hands of an American President anyway? That may not be the answer and someone somewhere may invent something that will allow us to be more environmentally friendly anyway in the coming years. One thing is definitely true, gas prices flat out stink right now. Our hard earned money is going out the window quicker than we get paid. Hopefully whoever is elected will provide us with a plan that changes that.