Americans blaming Congress for gas prices

SeaCat

Shared on Mon, 06/30/2008 - 12:43

A good read, some good statistics in it.

Gas Prices

Comments

TANK's picture
Submitted by TANK on Mon, 06/30/2008 - 12:56
The cost of a barrel is based on the US dollar which is in the shitter, it's really really weak right now. Compounding that is the futures markets trading up the cost of a barrel of oil because they THINK there's a supply demand which there isn't. I don't believe that an energy policy is going to fix the problem. The economy and value of the dollar needs to be fixed first and then the cost of gas will come down accordingly. Then a more grand scale long term energy policy would make sense if it focused on more solar, wind, water power development and alternative fuels for cars.
ATC_1982's picture
Submitted by ATC_1982 on Mon, 06/30/2008 - 12:57
Interesting read.
nomodifier's picture
Submitted by nomodifier on Mon, 06/30/2008 - 14:53
@ TANK: The value of the dollar is tied to commodities so to fix the value of the dollar you would need to lower prices on commodities. I agree that alternative technologies could be used to lower prices but I never hear anyone say what those are... all three of the things you mentioned are never approved by communities because people think they are a blight. Plus they are not very effective. (except maybe water but that requires a dam and major environmental "alterations") Geothermal HVAC systems in newer houses should be standard to cut back on natural gas. That is something we could do now. There is no "silver bullet".

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