Ever notice that prices for gasoline shoot up quickly when there is a crisis but only slowly come back down after it has been resolved. You say that the pipeline will bring us ample supplies, but we already have that. The problem is that the oil companies have become so large that they can manipulate the market. To make matters worse, look into how much Exxon pays in taxes.
We shouldn't care how much Exxon or any other corporation pays in taxes because they don't pay taxes--the consumer pays the taxes. Do you think that taxes to the federal and state governments will serve the public better? They've done a bang up job lately.
Also, I'm afraid I don't buy the oil companies conspiracy theory, as much as I'd like to. My question still is why is there no anger about the high prices? We are still paying nearly $4/gallon years after the economy has allegedly recovered. Let me know your thoughts.
I did a short economics paper on gas prices a few years back.
Interestingly I found that gas prices have only risen at about the rate of inflation (around 3%) for the past 40 years when accounting for the amount of price increase attributable to an increase in gas taxes.
Prices for anything only move up over the long period of time.