Republicans and Democrats are vying to see who can come up with the stupidest pander to motorists — all part of a short-sighted election-year reaction to $3-a-gallon gas.
President Bush eases environmental standards for refineries, trading long-term environmental damage for short-term price relief. Republicans say "drill in ANWR!" and suggest sending every taxpayer a $100 rebate, which at least gets points for honesty as a direct money-for-votes proposal. Democrats talk of temporarily suspending the federal gasoline tax.
Then there's the ever-popular "let's investigate the oil companies for price gouging", along with the related "let's make the oil companies pay higher/lower taxes."
None of these "solutions" are more than drops in the bucket, and the oil companies aren't the problem: the problem is ever-rising demand for oil, nervousness in the futures markets and refining bottlenecks.
Frankly, the only rational move thus far was made by Bush, who decided to stop putting oil into the Strategic Petroleum Reserve. But he did it for the wrong reason: to try to lower prices at the pump. The real reason to stop putting oil into the reserve is that it's needlessly expensive to buy and store oil you don't need at peak price. Let it drop a bit before resuming purchases.
Here's an idea, guys: stop messing with a good thing. Get up there and lead, and have the courage to explain the real problem with $3 gasoline: it's not expensive enough.
Current "high" gas prices have already had all sorts of salutory effects: renewed interest and investment in alternative fuels, energy-efficient transportation and mass transit. People are carpooling or biking or walking. They're trading in gas guzzlers for Priuses. And there's growing acknowledgement that our oil addiction is a Really Bad Thing, both economically and politically. Imagine how much those effects would intensify if gas got even more expensive.
What we actually need is a hefty increase in the gas tax to drive home the real problem: an economy built on artificially cheap imported oil. Until the pump price of gasoline starts to accurately reflect the true cost of an oil-dependent culture, people will continue to make irrational decisions about energy use. And we will continue to be beholden to despotic oil-rich dictators whose people blame us for their woes.
What is the true cost of a gallon of gasoline? It can be hard to calculate. But for starters we can throw in the $400 billion we've spent in Iraq, and arguably the $1 trillion or so we'll eventually spend in the overall fight against terror. I'm not saying we invaded Iraq for the oil. But we wouldn't give a rat's ass about the Mideast — or have spent so much time and money backing regional dictators whose oppression and economic mismanagement is part of the longstanding root of the problem — if it weren't for oil and our desire to maintain a steady and cheap supply of it.