Letters to the Editor
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Obama could learn a lesson in hope from you
On the politics, Obama is dead on. You must have a lot of hope if you think this spineless congress is going to pass a windfall profits tax on the oil companies. The nice thing about pandering in this particular way is that Clinton knows that it hasn't a prayer of passage.
On the actual economics, stockpiles are high because we're heading into summer, when USers get out the gas-guzzlers and go. Refineries are currently at about 85%, so they could produce a bit more, but not a lot more. If the consumer gets 5 cents a gallon off, that won't hurt consumers,
but please, we're not even talking about the $30 that Obama is scoffing at.