Gas prices are dropping, and
they are dropping fast. By Thanksgiving, barring any
hurricanes, wars, etc., gas prices could hit $2.00 across
the Nation.
So, does foreign oil dependency even matter anymore?
I say no. It won't matter enough to the average American,
at least not enough to act.
Yet the oil issue will never go away. Even though oil
experts claim we have only tapped 18%
of the world's oil reserves, it seems we will never
tap those supplies fast enough to keep up with demand. Oil
companies, it seems, have mastered the art of supply and
demand.
Forget E85. Forget hybrid
cars.
If gas hits $2.00 per gallon, those alternatives simply
make no economic sense to most Americans. Sure, maybe
Democrats could take the House, Senate and Presidency and
raise taxes significantly enough to subsidize E85 and
hybrids, but such a move would end their leadership tenure
almost instantly - the average American wants cheap gas
and few taxes.
Once again, Big Oil and OPEC will have the last laugh, at
least until the next spike.
After 9/11, Katrina, and Iraq, little has really changed.
As soon as gas hits $2.00 per gallon, the words 'foreign
oil dependency' will again mean nothing to the majority of
Americans.
How can this be prevented?
Posted by Chad
Snyder in Politics
at 12:31
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