Monday, January 31, 2011

The Price of Gas

Last week during President O'Bama's speech he said he wanted to take oil company subsidies and give them to companies who were working on renewable energy. What has been the immediate result of that statement? Why, the price of gas went down! And we had been told to expect nothing but higher prices. I cannot help thinking that the drop of a few cents in the price of gas is the attempt to placate the public, to cool their anger over being gouged. But don't worry, the price will again begin to creep up.
The long range consequences of not having renewable energy will have an incredibly higher price, both in terms of money, environmental degradation, and the almighty economy.

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