Peter Ferrara has a piece on NRO this morning describing how supply-side economics and the free market can solve the problems with high oil prices. The piece is a little too whiny/blame the liberals! for my taste, but he does make some salient points about government regulation and over taxation, including:
…according to the Tax Foundation, the government takes about three-times as much in taxes from what you pay at the pump than the oil companies take in profits. Federal, state, and local gas taxes alone total about 46 cents per gallon, on average. Corporate income taxes, property taxes, sales taxes, and other taxes tack on much more.