There is some truth to that, but as long as crude stays so high, gas will be
out of sight.
Do not forget that producers pay taxes at the well head, which is passed on
to consumers, and that you pay a high tax at the pump. World-wide energy
consumption is continuing to increase, which means that production will have
to drastically increase, or prices will keep going up.
Domestically, exploration is tightly regulated, & expensive, & many rich
deposits are not available to producers.

On Sat, 10 Sep 2005 12:21:43 -0400,  you wrote:

its 2.73 here right now..

I read that Exxon reported a PROFIT of 8 1/3 BILLION last
quarter..
gee..
    --Shiva--
   
   

Where to start, it is hard to believe that such total ignorance really
exists, I will make this as elementary as possible for you liberals!
Gas prices are what they are not because of the President or
Halliburton, but because of an economic attitude typically referred too
as 'Price and Demand'. This reality (price & demand) is universal
in it's affect on 'market-forces'. When the consumption of a
commodity goes beyond production price are going to rise, i.e. when
more and more people become attracted to   Studebaker vehicles
(restored / un-restored) the parts to maintain and renovate these
vehicles will rise. Come on now, I think we have all seen the prices of
NOS parts on eBay get absolutely ridiculous, now is 'Bo'
responsible for someone paying an obscene amount of money for an NOS
pickup bumper, I think not!  Even though you liberals don't like to
hear it, the only way to get the prices down is to increase production
i.e. Anwar Alaska. In order to bring gas prices down, we need to
decrease our dependency on foreign oil and increase production here at
home also we need less regulations and more refineries producing gas.
If we want to blame anyone for the increase of gas prices as well as
Stude parts, we need to start with ourselves, for creating such a huge
demand and strain on production or lack of it. We could also point our
finger at our Law makers (liberals) for over-regulating the oil
industry.

I love how the Congresscritters keep having hearings to determine who is
responsible for various problems or crises but very often if they want
to find the real culprit (or one of the major ones) they don't need a
hearing, all they need to do is look in a mirror.

Lets see, just who was it that passed the laws making it so difficult to
build new refineries, or to drill for more oil?

Jeff DeWitt