Maybe $4 Gas is a Good Thing...

A brief excerpt from the linked article is below:

"instead of debating the causes of today's oil prices -- peak oil supply, demand in China or whatever -- we should thank Wall Street and Ben Bernanke and company at the Federal Reserve for finally showing us how this oil dilemma could be solved.

I think it could be accomplished only by making sure the prices for the most widely used petroleum product, gasoline, never again decline below the level that seems to have triggered change, somewhere around $4 a gallon. Raising fuel taxes would likely make things better, not worse. Before sending me an "I hate taxes" e-mail, consider instead sending a letter to your politician asking him or her to raise taxes.

Take a look at the facts: Damage to the most energy-sensitive sectors has been done already, and Americans are already paying a hidden oil tax. But instead sending of our money to Washington, we are now sending it to the other governments around the world, and it's not a small bill. In 2007, the U.S. petroleum import bill came to an astounding $331 billion. In the first five months of 2008, the total was $191 billion."

The rest of the article is very intersting and builds a strong case for keeping gasoline prices high. Read the link and let me know what you think...