The Politics of Gasoline Prices - Page 2
Democrats on the other hand like to blame the oil companies for rising gas prices. They want to cut off subsidies to oil companies as punishment for record profits. A subsidy to companies earning billions of dollars in profits is something to look at but it shouldn’t be lumped into this argument. The oil companies charge what the market bears.
The biggest reason for rising oil prices is consumption levels and reliance on imported oil. Until 1970, the United States produced enough oil to meet its need. Right now, the country produces a little over nine million barrels of oil a day and consume over 18 million barrels a day. In order for gas prices to fall, people must cut their consumption. And although it’s not a popular idea, green energy must be allowed to grow to find alternative sources of energy. Fossil fuels will be around for a long time but that doesn’t mean restraint and research should be ignored.