Thursday, September 08, 2005

The American Cause

Senator Ben Nelson (D-Ne) plans to introduce a bill that sets up a commission charged with the task of finding the route of rising gas prices. Nelson says that he intends to find out whether the prices are based on the market or on opportunistic price gougers.

Nelson, the most conservative Democrat (at least according to voting record) in the Senate, plans to find out how the government can deal with the dilemma, and prevent it from having a detrimental effect on the economy.

How is price gouging determined? Are the laws preventing it unfair or unconstitutional?

2 Comments:

At 2:38 PM, Blogger Aidan said...

As someone who is living in an area with gas prices of $3.40 for a gallon of the cheap stuff, which is considerably higher than the national average ($3.03, AAA, Thursday), I certainly feel the pinch at the pump. Although I have started noticing the benefits of an increase in gas prices with my co-workers switching to public transportation, an economy that is not entirely dependent on oil remains quite a few years away. Until then, those who have suffered from the spike such as one friend who spent $250 last week alone (doesn't drive an SUV), should have thier interests represented by our public officials. It might be time to consider significant intervention by the Feds. While constitutionality might be an issue, the government should be able to influence the price of a resource like oil. Coupled with the fact that large corporations (MCI, Enron) have not had the most impressive track reccords as of late, I think Shell and Exxon should help with a solution if there is any.

 
At 11:57 AM, Blogger Jack said...

Thanks for stopping by big bro!

- Jersey Perspective

 

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