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All I hear in the news these days are reports of world wide consumer complaints about rising gasoline and food prices. However, I haven't heard one word from anyone offering any ideas as to what to realistically do about it.The solution to this problem is to drastically drop the world price of a barrel of crude. The United States has the power to drop the price of crude by 50% in a matter of hours if we chose to do so.
What the U.S. Government needs to do is to announce that it will begin an immediate mandatory gas rationing plan for all 50 states. This plan should mandate an odd and even license plate number for purchase of gasoline on selected days of the week.
Such a rationing plan, just by the U.S. alone, would, “in my opinion”, drop crude oil prices on the world market by 50% within hours of the announcement and by much more in the following weeks.
America has the power to roll back the price of crude and in turn drastically reduce resulting price increases such as food and other oil related items any time it wants to. It just depends on whether the two Oil Men in The White House are willing to do what’s right for the World Economy.
