Page added on April 26, 2006
Like two drivers after a fender bender, politicians are finger-pointing over eye-popping gas prices. They try to find fault first (solutions later). The president has joined this chorus by questioning oil profits. What is the real message in these cries for scalps?
Government must do more.
The US should subsidize more bio-fuel, some say. Or demand higher fuel efficiency in cars. Or give more incentives to oil refiners and drillers. Or release oil from US reserves. Or put pressure on foreign oil exporters.
In January, oil man George Bush called for an end to America’s “addiction to oil.” Now he asks if oil companies are price gouging.
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