Goal For The Green

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Archive for June 26th, 2008

The High Price Of Everything

Jun-26-2008 By Barbara Rae

It’s not just at the gas pump- the price of everything is skyrocketing.  Americans are hurting badly, while expecting our government to propose a plan of action NOW.  Seems all they can do is argue and not accomplish much.

On the Democratic side of politics, they have been recreating a measure in the House to punish price gougers. The bill is aimed at curbing oil market speculation (futures trading), which is a contributing factor for the price we pay at the pump. Republicans are calling for expanded offshore drilling, which is gaining popularity with rising oil prices and gas at $4+ a gallon.  However, energy experts and geologists have stated that it would take 5-10 years for ANY oil or natural gas to be produced even if the offshore drilling ban ended tomorrow.

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