What’s FUELING High Gas Prices?
There is no doubt, soaring oil prices could trigger global economic troubles - if it hasn’t already. Add to that, Japan and the U.S. have announced higher unemployment rates recently.
A statement from the five top energy consumers - the U.S., Japan, China, India and South Korea, claimed that “high prices are a menace to the world economy.” They implied that the outrageous prices are against the better interests of both producers and consumers, and pose a “heavy burden” on developing nations. They agreed upon a solution, that more oil should be produced. Say WHAT? When are we going to get off of oil in this country? Whatever happened to Project Independence (1974), that has now become Project Dependence? What is behind this outrageous crisis?