by DantesPeak » Thu 27 Apr 2006, 21:58:06
$this->bbcode_second_pass_quote('Novus', 'T')he US may be last to feel the effects of PO but when that day of reckoning finially does come America will be hit harder then any other country because we have done exactly zip to prepare for it.
Yes, and it's not just a matter of price but a whole economic system and infrastructure based on cheap energy that would always be available.
Government subsidies only give the illusion of lower prices, but effectively pass the cost to all dollar holders - or stated another way - deficit spending leads to inflation.
$this->bbcode_second_pass_quote('', '')Americans are unfairly being asked to empty their wallets at the gas pump,” said Bill Frist, majority leader in the Senate, who on Thursday led a group of Republicans in offering a package of eight proposals, including a $100 (€80.46, £56) “gas tax holiday rebate cheque”, intended to ease the burden higher fuel costs have imposed on consumers.
Mr Frist acknowledged that the measures would have a limited impact, but with the Republicans trailing badly in the polls, Congress and the White House are under pressure to respond.
Democrats, who have been campaigning on the price issue in congressional races that are starting to heat up in advance of the November mid-term elections, immediately denounced the plan as a sop to “Big Oil”, saying it would do nothing to conserve energy or limit the record profits being earned by the oil companies.
Both parties have scrambled to offer legislative fixes to the high prices, but those backed by Mr Frist, and another set backed by Republican leaders in the House of Representatives, are the most likely to move forward.