Gas prices suck. They are through the roof, and since most of the goods that we purchase rely on transportation to get them to us, the cost of everything is increasing. Due to the fact that I took two economics classes in college, I understand that this is due to supply and demand.
The supply of oil (relative to the demand) has dwindled; therefore the cost of it has gone up. Since the United States is sitting onvast untapped oil reserves, it would only make sense that we tap those. It could take up to ten years for us to see that oil in production, which causes many people to overlook our own resources as a potential solution to our supply problems.
Too bad our politicians thought that would take too long in 1996.That oil would be in our cars at this moment, and maybe gas wouldn’t cost over $4 a gallon.
Instead of trying to fix the supply and demand problem with more supply, the government seems keen on lessening our demand. The latest idea out of the Department of Transportation is to levy a tax on everyone based on the number of miles that they drive.
Read the rest at The Stir