For the past couple of days, I have been actively visiting blogs and leaving comments on interesting posts. One of the blogs that caught my eye is The Blog Revolution.
One of the posts on The Blog Revolution, Government Run Gas Stations and Refineries, caught my eye. Mike, the author, suggested that Government set up their own refineries and gas stations to compete with oil and gas corporations in a bid to bring down rising gas prices while channeling profits back to the community.
I totally have to support this excellent idea. As you know, Malaysia is an oil producing country as well. Once our national oil company was corporatized, gas prices were left unchecked but of course, it is still semi-government and we were made to believe that our gas prices are still subsidized, which I believe is untrue based on the millions of Ringgit profit annually.
My sister, who lives in Tennessee, has complained once too often of rising gas prices. According to her, even when world market price dipped, there was no change in the retail gas that she buys from the station, or at least it was not significant enough to be noticed.
If there were Government run gas stations, I believe that these will receive public support if prices are comparable to what we are buying now or even a little higher, knowing that in the end, the community will be benefiting from the profit. It is way better than buying from oil and gas corporations at sky high prices and filling out the pockets of the bosses.
What do you think? Do you agree with Mike?