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Gasoline Prices and U.S. Presidents Existing Emergency Powers

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         Emergency Powers Statutes (Senate Report 93-549) A majority of the people of the United States have lived all of their lives .... The next major development in the use of executive emergency powers came under ... Over the course of at least the last 40 years, then, Presidents have had ... www. freedomsite.net/93-549.htm
     WHY REFORMS ARE NEEDED IN REGARD TO THE PRICE OF OIL AND GASOLINE
 
 Oil prices within any oil producing Nation should be determined at the local level in regard to the "actual" cost of producing and marketing this oil within their very own Nation without any foreign intervention or influence as to what the price should be to sell this local oil in the form of gasoline to the people within that oil producing Nation.  
 
The President utilizing his Emergency Powers that is provided to him should immediately call for all gasoline refiners and retail store locations to immediately roll back all existing "speculated" retail gasoline prices that were sold to the public at approximately $4.00 per gallon during the month of April of this year and reduce these existing prices to the $2.78 per gallon pricing average that was reported during the previous year of  2010. However, a majority of the  American people that I have personally interviewed believe that these speculated overcharged gasoline prices have provided the oil firms in this Nation with an "unearned" profit margin from the American People who are now struggling to find a way to pay their very own living expenses at this critical time. They also believe that if the gasoline prices are rolled back by the President that has previously been proposed many citizen advocates believe that they should remain frozen until such time that our National economy is no longer in jeopardy and that reasonable oil and gasoline prices have been restored to the market place by eliminating the "artificial" speculative pricing schemes on oil and gasoline that is sold in this Nation by the oil firms and their counterparts who are the speculators on Wall Street.This will be a difficult task by the President since the corporate run New World Order and the World Trade Organization Nations who are also connected with the world pricing speculators would not permit their present world monopoly on pricing and trade to be dismantled or interrupted. 
 
The American People also realize that when the price of oil or gasoline should increase whether the prices are true or speculated it is inconceivable these inherited prices will eventually push up the retail prices on all other products that are sold at the retail sector that could lead to a recession or a depression due to the increase cost of gasoline or diesel transportation costs that have been charged to all the retail operators for delivering their ordered merchandise to their retail location. This is also one big reason as to why food prices are so high today. In addition, almost everything that consumers purchase today at the retail sector have been made from oil products I.E. Products Made Of Plastics, Crop Fertilizers, All Types of Batteries, Chemicals, Paint, Insecticides, All Types of Tires, Road Asphalt, and All Forms Of Lubricants just to name a few.       
 
 The "speculated" price increase on gasoline sold to the public within a twenty-four hour period is also an additional "wind fall profit" for the oil industry since most of the "lower priced gasoline" PRIOR to the gasoline "speculated price increases" had not had enough time to reach the public for consumption. Therefore the lower priced gasoline that were vastly stored within the huge gasoline tanks at the refinery, the storage tanks on transportation railway cars and the vast amount of storage tanks located at each service station location with the lower price gasoline provided a windfall profit for the oil industry by hoarding the cheaper gasoline to be sold later at the higher speculated price, yet most of retail service station locations were posting the speculated higher price of gasoline even though they had the cheaper gasoline already in their Service Station tanks. Therefore, you might call this practice as an "unearned advance profit gimmick" on the American People once more.This practice can be controlled by the President through his emergency powers or through the Congress by applying an additional wind fall profits tax on the oil companies on all unsold lower priced gasoline that never reached the public at the lower price, but paid the higher price at the gasoline pump. It is therefore recommended that the gasoline consuming public should demand that a Federal Law should be passed soon as possible to insure that this hoarding for profit technique will soon be unlawful in this Nation.    .  
   
Another option that the President or the Congress should consider relating to arbitrary speculative gasoline sales during a  National Emergency would be to "TEMPORARILY" Privatize the gasoline wholesale and retail sales segment of the Oil Industry ONLY until such time that this present depression emergency has completely been resolved
 
 In Closing: Please keep in perspective that the retail price on any type of a product other than oil that was previously made and sold to the public within this Nation over many years ago was "historically" based on the actual cost of materials and labor that was "actually" utilized to produce this American made product and then price this identical home produced product without any influence from any foreign Nation or a small group of Wall Street speculators. It is therefore inconceivable that the oil industry can do the same without receiving any "price coaching" from anyone else. Since this Nation now drills and produces our very own domestic oil in this Nation--then the price of this home produced oil and gasoline should be sold at a much lower price if our American oil firms would not be influenced by some foreign cartel or a pricing speculator on Wall Street. Could it be that these oil cartels and speculators are utilized by the oil firms to avoid possible anti-trust violations so that one can blame the other?  Why do we now have an OPEC and also Speculators BOTH  influencing the price or the supply our American made oil products?  Since this Nation now produces more than 43% or almost half of our very own oil supply, therefore one should also believe that our present U.S. gasoline and oil prices should be much cheaper now than those now being charged within other Nations who have no oil production at all and yet their retail gasoline prices are virtually about the same as here in the Untied States. Put that one in your pocket folks!!
 
 PLEASE CONTACT THE WHITEHOUSE AND DEMAND THAT THE U.S. OIL RESERVES BE RELEASED IMMEDIATELY TO REDUCE EXISTING RETAIL GASOLINE PRICES SOON AS POSSIBLE           
 
  THE WHITE HOUSE 
Comments: 202-456-1111
Switchboard: 202-456-1414
FAX: 202-456-2461


 

Leon is, and always has been, a yellow dog Democrat. He is also a Korea War Veteran and is a retired 76 year old Senior Citizen. He has also been active within his State campaigning for various Democrat candidates during his younger years and has (more...)
 

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... by Leon Thompson on Wednesday, Apr 27, 2011 at 11:18:38 AM