There have been several letters to the editor that try to make the point that President Bush can affect the price of gas to help his oil buddies. That is why the price of gas is up 400 percent.
Let’s see, he also owns property and a house, so that is why the price of houses are up 400 percent. And how about wheat and corn? Maybe his farm buddies wanted more income so they are also up 400 percent. Does he know anyone with a copper mine? Bush did leave Greenspan in office, and he caused the housing bubble, and Bush appointed Bernanke, who has devalued the dollar and caused commodities to soar, so I will give you those two.
Let’s get real here, people. Prices are set by a combination of supply and demand, investor greed and fear of shortages (hoarding). The United States is not the only fish in the pond anymore, and therefore we can no longer set prices for gas, wheat, iron ore, copper, etc. In Europe gas is $7 to $8 per gallon, so be glad we are not there yet. China is adding so many vehicles each day that they will soon need more gas than the U.S. uses, and the world is running out of oil to pump. Why would any company sell gas to Americans at $2 per gallon when they can sell it anyplace else in the world for a whole lot more? Would you sell your house for what it was worth three years ago, or go with supply and demand?
Curt Young
Snohomish
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