Blogs Liberty and Power Strategic Petroleum Reserve
Apr 6, 2004Strategic Petroleum Reserve
So let’s get this straight, when gas prices are at an extremely high level not only is the Bush administration refusing to release some of the reserve to ease this burden on the American people but also they are going to create an additional 42,000-barrel a day demand.
Now I just got done looking at the income tax return prepared by my accountant and because I have a one-day a week delivery job for which I am paid a set amount I have to pay a self-employment tax because the government says my part time job is a business. Yet the income is also added to the family’s gross income. I am taxed twice then the Bush regime uses that money to artificially raise the price of the gasoline that I need.
And people sometimes ask me, why are you a libertarian? Why do you despise the government so very much?
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Jonathan Dresner - 4/6/2004
Obviously, the government feels that the price of oil will continue to rise, so the apparently high $37/barrel price of today will seem like a bargain compared to what's coming down the road...... I certainly haven't seen any analyses suggesting lower oil prices anytime soon, have you?
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