What ever happend to the billions of barrels of oil we were supposed to rape from Iraq ?

We were promised that Iraqi oil would bring wealth and super duper cheap gas to all Americans!

After 2400+ military fatalities, we should be paying like $1.01 per gallon ?!?!

This war doesnt seem to have achieved the stated goals.

Yeah a tax holiday won't do anything, but a $100 rebate check won't do anything either. Congress is way off on this.

absolutely right. its a ridiculous idea that only serves as a band-aid and does nothing to diminish consumer demand (it would actually serve to increase demand). the first step is repealing in full the enormous package of tax breaks and subsidies accorded the big oil conglomerates.

Repeal the Environmental restrictions
building new oil refineries and only
give out tax incentives to the companies
that build new refineries or expand
existing refineries?

Or instead of a tax holiday or tax rebate,
give farmers a tax break to grow crops
that can be used to make Biodiesel.

Both of these proposals samck of rank pandering. Both parties should be ashamed of themselves for insulting the electorate.

There is so much misinformation regarding the oil crisis. Sure there is a supply problem, and the only short term solution is conservation, but that wont solve the problem long term. Refining capacity is one cause, but don’t blame it on environmentalists. During the mergers over the last 10-years, the big oil companies shut down 200 refineries (maximize production efficiencies).

About 60% of our daily oil usage is produced domestically. I would like to know how much of that oil is extracted from public lands (paying for oil we already own)?

I don’t blame the oil companies from making a profit, but there is no reason to give them tax breaks and sweet-heart royalty deals.

As a side note, if you think the cost of oil is high now, wait until Venezuela nationalizes their oil fields, and Iran’s oil supply is disrupted.

Today the CEO of Exxon mentioned on the radio that 70% of their profits come from FOREIGN operations!!! The MSM seems to be ignoring that little detail, cause its more fun to bash BIG OIL.

We can almost immediately, through the use of technology already available and small changes in the way we work, cut demand for gasoline by up to 20% and as a result reduce its price significantly.

This could be accomplished by implementing tax breaks given to companies for every worker they either have work from home (at least one day a week via telecommuting) or who's schedule is changed to 4 days a week, 10 hours per day.

With these tax incentives the Federal Government can act as catalyst to unleash the creative energy of private sector to come up with solutions that fit their business. Many professionals already work remotely, this just encourages companies to develop process and implement technology that allows more employees to productively work away from the office. For those who's jobs can't be performed remotely, companies can come up with innovative shift solutions that still allow employees to work the same number of hours but provide for employees driving to work four days a week instead of five.

This would reduce demand for gas significantly and as a result its price, benefiting both consumers and business.

Benefits for the individual
- Reduced traffic congestion and commute times
- Increased amount of free time (less time on the road)
- Reduced wear and tear on their cars
- Reduced gas price and consumption resulting in lower spending on energy

Companies would also benefit from lower energy prices and increased consumer demand resulting from people having more money to spend on items other than filling their tanks.

Any small cost to government revenues would be made up by the economic growth that lower gas prices will spur. Our national security will also be enhanced by reducing our dependency on foreign sources of oil that come from unstable parts of the world.