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[quote]QUOTE: Originally posted by Leon Silverman Saudi Arabia agreement to raise oil production will have absolutely no effect on gas prices here since we have no excess refining capacity available to handle the added supplies. This is why Bush has already stated that he cannot do anything that will lower gas prices for the short term. [/quote] He keeps saying that, but he and Congress could get rid of the Federal taxes on fuels. Not only would that help consumers, it would give the economy a good kick in the pants. The Federal Trust funds are just bogus accounting gimmicks anyway, and his energy bill is just more corporate welfare for his Texas oil buddies. If one really believes in free-markets, high prices lead to people buying more efficient cars, automakers building more efficient cars, and oil companies plowing those record profits into exploration and production.
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