Saturday, April 5, 2008
Defying the system of economics
I drove past the gas station the other day and I couldn't help but notice that the price of fuel went up 11 cents OVERNIGHT, bringing the overall cost to $3.56 a gallon. That of course, is just at Arco...at Chevron, the price is $3.65. Those of us in the San Francisco Bay Area have the honor of having some of the highest prices in the US.
I've reached the conclusion that the "law" of supply and demand is no longer relevant. For one thing, fuel supplies have been up, oil production is strong, and the demand for gasoline has been going down...yet the prices continue to rise, completely defying the system of economics. The question is, who's to blame? Some blame the oil companies, others blame the government, whether it be the Republican Administration OR the Democratic Congress (both of whom have done very little). To be honest, I don't really care who's responsible, I just want someone to fix it.
The real issue:
I couldn't help but laugh when I read this. Just recently, another report was released and offered further proof that the hysteria that is global warming is nothing but a crock, just as I have said on this blog many times. It always seems that these global warming predictors are finding ways to contradict themselves, including the back and forth predictions on hurricanes. Instead of running all these adds proclaiming that we need to "solve" global warming, we should be working to find alternative and more efficient energy...without having to make up some fictitious problem starring Al Gore and a bunch of other alarmists. There is no doubt we have an energy problem, but we should be trying to solve it without having another pretense. Talk about the need to cut back on fossil fuel consumption and the need for a new energy source is everywhere, but it seems that its always followed by the warnings and fear tactics about global warming and how it needs to be stopped. In the end, the threat of $4 per gallon gasoline will probably frighten people a lot more than Al Gore getting up on a lift, pointing to a chart, and preaching about how the destruction of humanity is imminent (unless of course, we listen to him).