Gasoline Cynicism

"If you thought the Dubai port deal marked a record high in Washington cynicism, think again. Nothing can match the spectacle of politicians scrambling for cover during a spike in gasoline prices. And this time, the panderfest has gone all the way to the Oval Office. President Bush has joined the braying congressional hordes by ordering the Energy and Justice Departments and the FTC to launch an investigation into possible gasoline price-fixing.

What a disgrace. "

So says Dr. Charles Krauthammer in an article describing the wrong-headed approach to rising oil prices by our elected representatives, including our president. The idea that oil responds to market forces seems to be completely missed by these people. While oil companies make for easy targets, it is important to remember that they make a bit less than 9 cents a gallon. Taxes account for somewhere around 46 cents per gallon. Maybe, just maybe, we are looking at the wrong place to cut the cost of gas.

http://www.townhall.com/opinion/columns/charleskrauthammer/2006/04/28/195434.html