Rising Fuel Prices To ComeBy Emelius at 8:56 AM
Tired of record gas prices? Get used to it. As we enter the huge consumption season of winter, gas prices show no signs of going down. The price of oil for winter consumption for home use will also rise. I remember a time when Bush criticized Clinton for the price of oil reaching around $34 a barrel at one point during his administration. Now the price bounces around $50 a barrel and production is expected to drop even more. Finally US representatives are starting the call to conserve energy at a time when Opec decides to make more profit.
U.S. Treasury Secretary John Snow said on Saturday that oil producers and consumers alike must act responsibly on energy use, a day after OPEC oil producers agreed to slash production to keep prices up
How high up and what extent these voices will call from is not known yet, but I will be eagerly awaiting. Maybe now we can get laws that do not benefit Hummers and SUVs and do reward alternative fuel use. My prediction though will be a pandering voice with no real environmental reform at the next State of the Union speech and a call to drill in our most volatile environmental areas.