I understand from what Mr Bush has said, that the US only imports about 20% of our imported oil from the Middle East, the rest comes from countries nearer to us like Mexico, Canada and several in South and Central America. I also understand that it may cost a bit more to get the oil from the war-torn regions. Why is all of the oil priced the same as that from the war zones? Why don't we just stop getting any of the oil from the war zones until they stop fighting? It would give them incentive to promote peaceful solutions verses war to solve their problems. I do believe there should be rules such as were in place during WW2 to ban "war profiteering" or price gouging because of the war. There should also be a 60% tax on all of the profits gained by all companies, due to the wars. A tax that can't be passed on to the consumers, either in the billing or by a price increase. They are benefiting the most because of the conflicts, let them pay for most of it. With all of the corporate influence on our government we have today, it could be construed to think that these war profiteering corporations used their lobby or influence to conspire to make the wars happen just for their gain/profits. If oil and gas are so important or necessary to our national security then those resources should be owned and controlled by the nation, not some foreign corporation that also does business with our possible enemy. They have no real interest in what is really in our real national interests, they are only concerned about their stock values, profit margins and the bottom line. Nothing else is important to them.
Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007 #535819-00025
Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007