United Liberty
alternative energy
Great Pain at the Gas Pumps
Thu, 07/24/2008 - 6:08pm | posted by Dr. John Killian
Perhaps no issue places our economy in a pinch and our foreign standing in peril, more than issues concerning oil. The price of a barrel of oil fluctuates, but consistently climbs as the downward fluctuation is always higher than the last low price.
Granted, gas prices at the pump are not going to go down quickly, but we do need to consider how we have found ourselves at the place where we are, so that we might evaluate a sound approach to the issue. Consider the following issues:
1) Primarily due to lack of tax incentives and stringent environmental regulations, we have not seen a new refinery built in the US in the last ten years. At the same time, a new refinery is built every two years in the Middle East.
