Gasoline prices are near record highs. The price of petroleum is up too on its way to new highs. Natural Gas is at low price levels. What is the difference?
When Bush was president, the high prices were payback to the oil industry. When Bush open large tracks of Federal Land for oil exploration the price of gasoline fell significantly and the price of oil came down to lows not seen in years. But the high prices were still Bush's fault.
Now we have oil and gasoline prices approaching record levels once again. Do we blame Obama? Is he in the pocket of the oil companies too? Why is natural gas so low?
The difference is when companies are allowed to use the resources on hand, they will use them. This increases supplies to the market. The Natural Gas Industry is booming now. We have surplus Natural Gas in the USA. Private oil development is booming too when allowed. If the markets are allowed to operate in a free market place, they will deliver the goods to the consumer.
