How Foreign Policy Affects Gas Prices ... by Ron Paul
Submitted by TraditionalGOPer on Sat, 08/23/2008 - 23:45
How Foreign Policy Affects Gas Prices
by Rep. Ron Paul
We've heard how the value of the dollar affects gas prices – and indeed the price of everything. I was pleased that my request for a hearing on such was granted by the Financial Services committee and we were able to hear some very informative testimony. Certainly domestic policies, regarding off-shore oil drilling bans, ethanol mandates, refining capacity, and CAFE standards are interventionist and harmful enough in the energy market.
But how does foreign policy affect gas prices? One important factor is that oil on the world market has been priced in dollars exclusively since 1973. Only two leaders have gone against this arrangement –Saddam Hussein in 2000 and....
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What a nut!
That is what the Mccaniacs I know will say. But they will get the e-mail anyway. ;) Most of them do'nt really want Mcinsane either they're just going to vote for him so Obama does'nt win. Sometimes I just scream!!!! Good thing I live in the country or people would be calling the cops. I still try not to do it too much it makes the dogs worry :(