The great oil debate...

This was a great exchange last night on The O'Reilly Factor with Mac Johnson as his guest. Mac is one of my favorites over at Human Events, and we're regular O'Reilly watchers too.

O'Reilly has been down on oil companies that he feels are price gouging. His most recent column called "Gas Pains" is here.

Johnson responded here with "The O'Reilly Ficton", thus the invite onto The Factor.

Strongly reasoned on both sides I think. The difference in the arguements is that O'Reilly feels that in a time of war the oil companies have a duty to keep pricing down for the good of the country. Johnson correctly points out that supply and demand dictate price, not the product cost. Great stuff.

(Hat tip Expose the Left)

Can we PLEASE start drilling for more oil in Alaska and off the coast of CA!!! I'm all for conservation, but this is ridiculous!

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