Raise the price of gasoline? By taxes?

If you have been tracking my blog, you know that I have been receiving Time Magazine for free.  There was an editorial by Michael Mandelbaum which argues that the Obama administration should reduce the influence that oil-rich countries has by reducing usage.  The best way to do this is by raising the price of gasoline with a tax.

I have mixed feelings about this, but I think that whether someone takes action or not, eventually the price of energy will go higher.  Eventually demand will outstrip supply and prices will rise.  I see him arguing to keep the money in the United States and not sending it to the other countries.

To read the whole "Viewpoint," click here.

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