Monday, September 18, 2006
Gas prices in my area have fallen over $.80 per gallon in the last 3 weeks. Good news, right? I don't think so....
As long as we are dependent on fossil fuels for our energy needs we will be riding the roller coaster of gasoline/diesel price swings. The price swings occur in both long and short term cycles and the result is we spend a lot of time dealing with the dislocations from swings BOTH ways.
What is most worrisome to me? With the easing of pump prices, our elected village idiots in Washington will not feel the urgency to create a coherent and forward looking National Energy Policy that could free us from dependence on fossil fuels.
So, a low pump price is bad news.
Posted by mal at 5:07 PM