From my latest WND column, “The Goods On Gas”:
“The Mouths on television tell you to blame gas speculators, ‘profiteers’ or foreign producers for gas prices—anyone but your government. By their post hoc illogic, the price of fuel is causing prices to rise.
Fuel is fueling, but not causing, price hikes.
The deliberate and destructive policies of deficit spending are responsible for the steady rise in the prices of all commodities, crude included. This is so because deficit spending is “accompanied by an enormous increase in the stock of money…”
The general trend, then, of price increases is a consequence of government-generated inflation and the $9.5 trillion trifle known as the national debt. Unless these are curtailed, the trend will persist.
The particular price of fuel, concomitantly, is determined by supply and demand. … Absent legislative barriers to exploration, enterprising capitalists would have defied central planners and turned from tinkering with ethanol to drilling for—and refining—oil…”
Ultimately, “The more efficient the source of energy, the less waste and pollution are involved in its conversion into energy. Think of the totality of the production process! The fewer resources expended in bringing a fuel to market, the cleaner and cheaper is the process.”
Comments are welcome.
