To the Point
Oil Prices, Politics and Life in America
Gasoline prices have jumped almost 14 cents in the past week. The profits of Exxon Mobil rose 17% in the past year—to $10.9 billion. President Bush says the government’s hands are tied, but McCain, Obama and Clinton are debating what Washington might do. Is it time for a summer vacation from the gasoline tax? Should it be even higher, so people will drive less? What about a windfall tax on oil companies as prices continue to rise? Also, Iraq asks Iran to stop supporting violence, and the terrorist watch list keeps members of a friendly government from entering the US without special permission.
By Warren Olney • • 1h 0m ListenGasoline prices have jumped almost 14 cents in the past week. The profits of Exxon Mobil rose 17% in the past year—to $10.9 billion. President Bush says the government’s hands are tied, but McCain, Obama and Clinton are debating what Washington might do. Is it time for a summer vacation from the gasoline tax? Should it be even higher, so people will drive less? What about a windfall tax on oil companies as prices continue to rise? Also, Iraq asks Iran to stop supporting violence. On Reporter's Notebook, the US has "excellent relations" with South Africa, so why can't members of the government get into this country without special permission?
Banner image: Protest Convoy of Truckers and Citizens United
