Sen. John Warner, R-Va., asked Energy Secretary Samuel Bodman to look into what speed limit would provide optimum gasoline efficiency given current technology. He said he wants to know if the administration might support efforts in Congress to require a lower speed limit.
Here’s some absolute crap. The Detroit News gets it. My time is worth more than 12 bucks an hour.
Congress needs to stop trying to regulate economics and pay attention to what they’re doing in regulations on commerce. The former governs itself very well, following the law of supply and demand to the letter when we don’t interfere with it. The latter, they might take a lesson from the former on, and work towards letting it govern itself.
Another interesting thought came to mind while I was writing this – what energy-related exports are we subsidizing right now? Considering the number of products that are petroleum based (plastic, anyone?), there are potential savings here. You’ll never see that questioned, though… too much fat in subsidies.
The long and short of it? Let the market work, and it will.
Congress needs to stop trying to regulate economics and pay attention to what they’re doing in regulations on commerce. The former governs itself very well, following the law of supply and demand to the letter when we don’t interfere with it. The latter, they might take a lesson from the former on, and work towards letting it govern itself.
Another interesting thought came to mind while I was writing this – what energy-related exports are we subsidizing right now? Considering the number of products that are petroleum based (plastic, anyone?), there are potential savings here. You’ll never see that questioned, though… too much fat in subsidies.
The long and short of it? Let the market work, and it will.