Debate Comes Up Empty on Gasoline Prices
There is little the President can point to that has helped develop and implement those technologies. In fact, his administration, for good or ill, has been mostly suspicious of them.
What neither candidate wants to touch, however, is the real way to get lower gas prices -- by reducing our dependence on gasoline as our transport fuel. We've got to get as far away from this global marketplace and into another, more domestic market for transport.
Natural gas is the most significant, domestic and immediate choice that could be made. In this, both candidates have claims to being better equipped.
Romney would certainly augment the production of natural gas through fracking, while Obama has shown more indications of passing government rebates and spending to promote natural gas infrastructure.But neither candidate is ready to move against either the ensconced interests of the oil companies on one side, or the undereducated and panicky environmentalists praying for renewable energy as a primary source on the other. Until they do, we likely should be prepared for $4 a gallon or $5 a gallon gas or even higher, no matter who wins the upcoming election. Follow @dan_dicker This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV