Journal hogghogg's Journal: oil prices
So if oil prices hit all-time highs, who needs subsidies or tax breaks? The people who sell oil, or the people who buy it? Our wondrous federal government, 8 months ago, answered wrong and now they are trying to backtrack, but interestingly no-one (in the US, anyway) is emphasizing the simple and relevant fact that it is a reversal of this recent legislation.