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.
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