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The Republicans are pulling strings to make Obama look bad since he was the one who said no to the Keystone pipeline. People, being the dumbasses that they are, actually think this is all Obama's fault. They think somehow that Obama is going to get on the phone and tell the oil companies "Hey guys, this is Obama, let's lower the price of oil". The GOP knows how to take advantage of people's stupidity.
Back when I took economics, gas was at $4.50 a gallon back in 08 and we discussed this in great detail in the class. Those who say that we should drill don't know how the market works. If there is a surplus, the quantity supplied is reduced to increase the price. The oil companies will just make even more money while nothing happens to the price other than it increases. Until there is a substitute on the market, oil is inelastic and there is nothing we can do except ride our bikes or use public transit. In OC there are a ton of people that I've noticed that started riding their bikes in the past few years.
OCTA was thinking about bringing back the street cars but it was quickly shot down once the recession started and gas crept back to under 1.70 a gallon. However, how can we as the most powerful nation not have a public transportation system like Canada's or Russia's where you can get anywhere in the country in under 10 hours for cheap? Oh wait, lobbyist....
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Puddle Stomping since '06
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