Editor:
Today, people are blaming the oil companies for high gas prices. Unfortunately, the people should be blaming the creator of their situation: the federal government.

In 1850, wood was our most commonly used fuel. Today, we still have plenty of wood because our free market system replaced it with a better fuel: coal. We still have an abundance of coal because oil has replaced it. Our marvelous free market system was working very well without government interference.

Now oil would normally take a secondary role to nuclear energy in our fuel cycle evolution. However, massive government interference in our free market system has stifled production of nuclear energy and oil. Visit The New American for details of these government regulations.

We are awash in oil, but Congress refuses to allow drilling in the huge tracts offshore and in Alaska. We also need more oil refineries. None have been built in the last 35 years because of government regulations. New nuclear power plants have also been stopped by regulations.

Congress is prohibited from regulating our energy sources by our Constitution. But, Congress does it anyway because our voters are not paying attention to the unconstitutional laws being passed. This is an election year so Congress is more willing to listen if voters demand that these regulations be removed.

Also, voters should know that if the oil industry gave up all profits, the price of gas would only drop about a dime per gallon.

Christopher H. Fogleman

I would like to point out that if the federal government removed their taxes from gasoline, it would lower our price by 18.4 cents. If the state of Tennessee decided to remove their tax, that would remove an additional 20 cents. But, they would just find another way to take our money, I’m sure.

Nevertheless, the oil companies make 10 cents, and the government makes 38 cents…just who is the price gouger?

-J

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