"The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." --Thomas Jefferson

Friday, October 24

America's Short Term Memory

I drove past the Flying J this morning and saw gas was $2.89. Who ever knew that would make anyone happy? So now that gas prices are coming down, supposedly due to the cost of oil being half as expensive as it was this summer, I hope Americans keep talking about alternatives to foreign oil. It happens every time we start into research, putting legislation together and the such when oil gets expensive, then gas prices come down and we all figure that all is well in Zion and forget about investment into alternatives.

Today, OPEC met in one of the most beautiful cities in the world (Vienna) and decided to cut oil production by 1.5 M barrels a day to slow the drop in oil prices. I guess it's okay to ride the markets if it means the price goes up but not if it goes down then huh? Their explanation during the $140/barrel days was..."Well, we can't do anything about it because the markets control the prices..not us.." Well, I'll be the first to raise my left hand and call BS on that excuse again. We pay $4.50/gallon and it's okay but when we pay less than $3.00 we are stealing huh? Check out the news story here. Arg.

Traders and OPEC know the history of American habits and oil prices as well as anyone and will continue to manipulate the price of oil and gas to protect their interests. I'd like to see the U.S. give OPEC the bird and invest in alternatives regardless of the price of oil. I just hope this time we don't forget that cheaper gas doesn't make it any safer. We'll have to end our love with the almighty dollar before that happens though. How about we take the grants we give "non-profits" like Planned Parenthood and ACORN and give some government grants to companies that invest in new forms of energy instead. Novel idea. My guess is no one in Washington has a brain left.

BTW, if oil is the same price now as it was when gas was $2.00/gallon, why are gas prices not $2.00? Just sayin'......

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