26 April 2006

Have a banana - it will save your life.

The cost of gas is becoming a hot button topic for the upcoming elections. In a move to appease his Republican following, President Bush has taken steps to reduce the cost of gas at the pump.

Of course, this requires increasing tax breaks on oil companies (which, oddly, have posted their largest earnings ever).

Bush has also relieved the companies from regulatory measures which make gas safer. There was an additive in gasoline which caused an uproar as it poisoned water supplies - consequently, the additive was phased out of production and a new, safer additive was required. Oil companies claim the new additive is more expensive, and therefore, increases gas prices. Bush has derailed the progress of replacing the dangerous additive.

Bush once again pushes for tax incentives for more fuel efficient vehicles, but once again fails to place enough emphasis on the new technology. The only way the industry is going to seperate itself from big oil is by regulations forcing them to do so. The market is moving too slow, and needs a kickstart in the right direction.

Lastly, Bush has begun an investigation into price gouging and the like. Only time will tell if this will have any effect on gasoline prices.

Don't die.