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April 20, 2006
Thoughts About High Fuel Prices
Robert Hughes writes us...."Why do we pay higher prices for the fuel that is already in the tanks in the ground?...
We the small business owners are getting the bad end of the stick because without fuel we don't operate but the government won't do anything about it but the oil companies give retirement packages of over 4Mil for people who fight for the increase in prices in congress. Well lets look for some better ways to do business let's slow down our buying of fuel and only go where it is necessary to go and not just riding around. or vacationing this will also hurt us but the big hurt will be on the oil companies."
However, we have this growing industrial giant that is consuming more and more Arab oil and throwing supply and demand out of balance. This giant, as you probably have guessed, is China. In theory, the Chinese could consume all the Arab oil and still not have enough to meet their demand in just a few short decades. If you don't like the prices now, guess what that will do to oil prices in the coming years?
Conservation is always a worthy effort and certainly one that could be a reasonable stop gap solution for now. But, what we really need to start looking for is a reliable, replenishable source of clean fuel. You would think with all our technological skill we could have come up with an alternative fuel by now? I think we would have except it was too easy to just pump cheap oil out of the ground, but those days are over.
Now more than ever, it's in our economic and more importantly our national security interests, to free our dependence on unreliable and corrupt foreign suppliers of oil, like the baby killers in Nigeria, the Communists in Venezuela or precocious Saudi Princes'. We don't need those sort of entanglements. And the sooner we can tell them shove it where the sun never shines the better off we will be!
$3 a gallon for fuel should be all the incentive we need to develop a good alternative to carbon based gasoline fuel. Ethanol (made from corn) is a good start until we can do better and I know we can, we have too or kneel before OPEC and take whatever they deal out.
Posted by Post Scripts at April 20, 2006 10:40 AM
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