said by CXM_Splicer:
Wait, so your solution to 'gouging' (or perhaps unneeded tax breaks) is to get on board with the gouging? That is such backward thinking! If your house was on fire would you join in the fun and toss on some gasoline? Broken things should be fixed, not made more broken so they have to be replaced. Your line of thinking is no different than that of people who 'jump aboard' for a free ride via government programs.
Can you actually provide evidence of "gouging" ?
Our Congresscritters and states attorneys have been investigating OilCo "gouging" since time began, and have yet to show anything. I'm not saying there isn't room for some
price manipulation, but it isn't significant, and that's not gouging.
My "line of thinking" is to recognize the situation for what it is, not what you might want it to be. Oil discovery, extraction, refining and distribution is a large and complex operation, fraught with risk and peril - those who risk their capital aren't going to do it without some potential for profit. In the end, they earn between 9 and 13 percent - in good years.
The "broken" elements of the current production system are minor - 50 blends of gasoline, mid-grade, and issues with permitting of exploration, development, pipelines, emission control, and refinery plant expansion, and should be fixed - but that won't bring about a massive change in the price of gasoline, nor should it.
"Fixing" the problem doesn't involve condemning the very industry that supplies the fuel you desire. Unless we find a way to wean ourselves off of petrol on a massive scale, we will need the oil industry to continue to produce. And frankly, they will probably still be a part of the production and distribution system long after we use our last drop of gasoline.