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Jun26
The High Price Of Everything
Filed under: Energy, gas prices; Tagged as: biofuels, crazy, create, crisis, democratic side, dependency, electric cars, electricity, Energy, everything, experts, forms of transportation, futures trading, gas, geologists, goal, great inventions, high, life, market speculation, monopolies, offshore drilling, oil, oil market, patent rights, rising oil prices, sounding board, uses, what happened to the electric car, wind power, world governments9 CommentsIt’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.
So, when are we ever going to see a great reduction on our dependance on oil? The crazy prices of everything are having a huge impact on our already weakened economy. Energy and the Economy are the main issues of concern to the American public, in the race for the White House.
There have been many ideas on the sounding board recently in regards to the energy crisis. They include rethinking thoughts on Nuclear power, biofuels and renewables (solar and wind power) and ending the off-shore drilling ban. Off-shore drilling, clearly is not the answer.
Ever wonder what happened to the electric car, or other great inventions that could solve this problem? Electric cars have less parts, lower maintenance costs and — umm they use no GAS. What?-no profit anymore for the automotive and oil companies. What a shame that would be! They already are controlling world governments and monopolizing most forms of transportation,making us dependent on the liquid gold.
Large international companies have for years bought out all the patent rights for inventions that work. They work with other large companies to maximize THEIR profits. An example of this was the railroad monopolies of the late 1800’s. They worked with each other, instead of competitively, raising rates without regard of the people. The main goal was to maximize THEIR profits. This resulted in the Sherman Anti Trust Laws, that were created to break up the railroad monopolies and bring the prices back under control.
I realize businesses are created to make profits, but governments are supposed to make living a fair and equitable life, a right of their citizens. What happened to our government that use to work for the good of the people, with liberty and justice for all? We use to be a free market society, where there was fair competition. Not so anymore…. not today.
9 Responses to “The High Price Of Everything”
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It is hurting us here in Canada also with the speculators manipulating the oil market prices,and predictions are that oil will reach 200.00 a barrel by next summer.
The government should restrict speculating on a commodity that is necessary for the economy, before we all go into a recession.
Good information on this catastrophy. -
They are all full of BS! They have plenty in storage. It is all just a big scam!
BTW, welcome aboard, love the new look for your site much better!!!! Just gotta see if you can change this yellow to black or navy blue so I can see what I am typing! LOL bad eyes on this end!
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So the idea is, then, that we better get busy drilling now! Drill Here, Drill Now, Pay Less, Wny Wait? Just because if won’t increase supply for awhile, doesn’t mean we shouldn’t do it.
Okay, I’m going back to my corner now.Brads last blog post..The Post I’ve Always Wanted to Write!
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Hi Linda,
Thanks for the comment. Yes, I aggree, we do have plenty in storage. We would just rather be dependent and use someone elses. Incredalble!
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Hi Brad,
Thanks for the comment. Finally, another person not afraid or ashamed to speak their mind. I’m glad you wrote you post. I liked it!
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How true these words are. I coudn’t have agree more. I think instead of pasing bills to punish gougers..we need a bill NOW to limit inflation like a floating interest rate.
Reflectionss last blog post..Magic Number 5
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Yes, we need our government to do something NOW, Instead of nothing at all !
Thanks for the comment. -
Luckily these past weeks have seen the oil price retracing. I hope the trend will continue or else we will all be doomed for good. Maybe it’s time for us to evaluate our current lifestyle and work to cut down the consumption and make us learn and adapt.
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Hi green blog,
Thanks for the comment,…and I totally agree with what you say here. I think we are making progress and learning to cut back on consumption. Now that there is a little relief at the pump, it will be interesting to see if the trend continues!
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