Will They Do It?

At Hot Air, here is a blog entry about what one Hollywood actress plans to do if the Republican nominee wins the Presidency in November.  It references a Weekly Standard blog entry.

My question is this:  Has Barbara Streisand ever left America because George W Bush became President in 2000?

Answer: NO.

What those who said the same thing in 2004?  Answer is still NO.

Will Susan Sarandon do likewise?

I wonder when they plan to leave.

Who Really Is To Be Blame for High Oil Prices

From the Wall Street Journal, Mackubin Thomas Owens writes in his article who really is to blame for the high gas prices and/or oil prices: Congress. I could not agree more with it.

We tend to forget who is also making huge profits in taxing gasoline, the government:

Indeed, as oil industry executives reiterated in their appearance before the Senate Judiciary Committee on May 21, 15% of the cost of gasoline at the pump goes for taxes, while only 4% represents oil company profits.

Here is the solution:

If Congress really cared about the economic well-being of American citizens, it would stop fulminating against IOCs and reverse current policies that discourage, indeed prohibit, the production of domestic oil and natural gas. Even the announcement that Congress was opening the way for domestic production would lead to downward pressure on oil prices.

Yes, we did need to remove the shackles that our politicians place around our energy policy because today’s extreme environmentalists demand we go green.

In fact, someone did something similar to get us out of the funk in the 1970s. Who? It was Ronald Reagan. What did he do?

Reagan’s deregulation of crude oil prices created incentives for domestic producers to invest in exploration and to increase production. The threat of increased output by non-OPEC producers destroyed the discipline among OPEC members necessary to restrict production to maintain high prices. Facing the likelihood that an increase in supply would lead to lower future prices, OPEC producers increased output in the hopes of maximizing profits before prices fell. The cascading effect caused oil prices to tumble.