COMMENT With public anger rising at petrol prices that now exceed $3 per gallon, American politicians are predictably rushing forward with proposals designed to show that they are “doing something” about the problem.
Democrats are investigating oil companies and proposing a 60-day suspension of the federal gas tax while Republicans are clamouring to start drilling in the Arctic National Wildlife Reserve, having withdrawn their initial proposal for a $100 “holiday rebate” in the face of public ridicule.
