Discussion and information on selected policy issues concerning tax, foreign relations, energy and other significant policies. The intent is to provide data and analysis that will assist in determining the appropriateness of the policy. Any posts containing rants, personal attacks on officials or other posters or which do not concisely present a point of information will not be published.
Prices of oil and products refined from oil such as gasoline are near all time highs in the US and there is concern that the high prices will negatively impact the US economy. The President states that the current high prices are caused by a global shortage due in part to strong economies globally especially in China. The President has proposed several policies that will increase supply, reduce demand and will moderate prices.
Will the proposed policies improve supply and reduce prices, what are the problems caused by the current prices and energy situation and what other policy alternatives might be considered?