Tuesday, April 25, 2006

Bush Eases Environmental Rules on Gasoline

Yahoo! News President Bush on Tuesday ordered a temporary suspension of environmental rules for gasoline, making it easier for refiners to meet demand and possibly dampen prices at the pump. He also halted for the summer the purchase of crude oil for the government's emergency reserve.

Those two actions are the ones most likely to have an effect. The big price increase right now is due to the fact that they must begin blends with ethanol or use MTBEs, and there is a shortage of ethanol, and congress failed to exempt MTBE manufacturers from lawsuits. Not having the US buy oil to put into the emergency reserve will also lessen demand.

The Democrats want to cut taxes for 60 days. I like tax cuts, but why make them effective for only 60 days? Do they think they can buy votes in November with a two month cut in taxes. If you are going to have a tax cut, make it permanent.

1 comment:

Anonymous said...

I just read your comment on another website about Andrea Clark in Houston, TX. I wanted to thank you for seeing the difference between the Schiavo case and my Aunt Andrea. Thank you for seeing the truth and being willing to tell others.