Will the Gasoline Price be America's End into Bankruptcy ??

Question

With no end in sight,and little the govt can do to change things..Has Big Business 's greed finally going to put an end to the American Economy?? Do we deserve what we are getting,,because we let it happen ?? SOLOMON

Answer 1

Surprise!

Right now the American government is fueling the damage to the economy by allowing such a large deficit.

Gas pumped from the Middle East has to be sent to refineries before we can even use the gas. A lot of times, the gas is sent to refineries in the US. When Hurricane Katrina came through New Orleans it damaged a major refinery which  helped drive up the cost of fuel. If Congress would simply loosen regulations regarding the construction of refineries gas prices would drop because it would enable more gas to be refined more quickly. Secondly, Congress didn't require certain additives to be placed into gas, the price of gasoline would also drop.

"Big business" can charge more for gas when there are less refineries because it makes gas more valuable because there is less refined gas available to the public. "Big business" can charge more for gas when government regulations require certain chemical additives to be placed in the gasoline before public use. Write Congress if you want to see a change.

Answer 2

Unless we annex communist Cuba to our Empire

Answer 3

Er, sorry to break it to you, but the US has debts of over 17 trillion.  This is just the recorded and reported debt.  That is more than all the assets of the nation, public and private, put together.  Oil is only a small part of the problem, and it must be understood that other nations demand oil as well, and the US has historically paid low prices for oil compared to the rest of the world.  Allowing for differences in taxation, I pay $USD 6.40 per US gallon (3.6 litres) for regular unleaded petrol in Melbourne Austalia.  Country people can easily pay 50% more and even double and triple that price.  Europeans pay over $USD8 a US gal.

The US, like most western nations, has been technically bankrupt for years, and survives off borrowings and the eroding faith in the USD as reserve currency.

Big business played a minor role, but it has been successive US governmnets, especially since around 1913 with the Reserve Bank Act that have beggared your nation.  Prior to WW2, you were the world's greatest lender of fincnce.  You are now the world's greatest debtor by a huge margin.  People talk about the destitute nature of the British economy, but it is nothing when compared to the US.

To SOME extent yes, you do deserve it, but your governments have been actively complicit in stealing over 95% of the value of every dollar you have since 1913, and hiding it from you.  They also removed the constitutional right (and enforcement) that you are entitled to carry and used gold and silver money as a means of exchange.  Your governments gave this right away when it allowed the Reserve Bank Corporation to stop redeeming your coins and bank notes for bullion on demand.

So, to sum up:  big business played a role, to be sure.  But your government did a lot more to ruin your nation.  My country did the same though, so don't feel too bad.

Oh, and a socialist government would be even worse: look at the former Soviet states, with no productive and competitive base after the fall of the USSR.  Socialism simply does the same thing as the capitalist west: only faster and with lower living standards.  It amazes me that people still consider socialism in any form to be any kind of antidote to the errors of western calitalism.  Sorry Jeff R, that is the truth.

Answer 4

It's questions like these that make me wonder why people don't advocate for a socialist government.

Answer 5

NO, stupid politics will!