Thursday, May 29, 2008

The Case for $8 Gasoline

"Americans should be celebrating rather than shuddering over the arrival of $4-a-gallon gasoline. We lived on cheap gas too long, failed to innovate and now face the consequences of competing for a finite resource amid fast-expanding global demand.
A further price rise as in Europe to $8 a gallon -- or $200 and more to fill a large SUV's tank -- would be a catalyst for economic, political and social change of profound national and global impact. We could face an economic squeeze, but it would be the pain before the gain."

From the leftist eco-commie website, CBS MarketWatch


Dave Sohigian said...

Amen, brother. Amen.

Nic said...

Yep, too right.

Vancouver Critical Mass Blogger said...

I've always thought that the price of oil is both to high and to low. It is to low, because as you're sorta pointing out, its not paying the full cost of the consequences, the public is subsidising the price of oil by cleaning up oil spills, breathing the toxic air, subsidising cars etc... But the price is also too high because the big corporate monopolies that are running the show are making record profits and gouging us. (the people who -at minimum- buy food that is made of oil energy)

So, while I do think a higher price is reasonable, I think we who advocate such a thing should be careful to qualify it, to not be unwitting accomplices to the corporate cash grab from a lot of poor people... that it is the public that needs to be reimbursed for this oil, not the profiteers!

Didja see the Ted Rall comic: Petroschadenfreude!