There's a problem: the very word "subsidies" makes American eyes glaze over. If due attention is to be paid, we have to figure out a language in which to talk about them that will make it clear just how loony our policy is.
The reality is that the president has very little control over oil prices. The upcoming summer "driving season," Iran's threat to close the Strait of Hormuz and the ramped up rhetoric on Iran's nuclear program all have a hand in the game.
Gingrich has pledged that if he is elected, gas prices will be reduced to $2 or $2.50 gallon. Were this to happen, however, no one would be more unhappy than TransCanada, the builder of the Keystone Pipeline.