I am watching the news and the collective hand-ringing over $4.00\/gallon gasoline.\u00a0 Candy Crowley of CNN asked\u00a0 John Hofmeister, former president Shell Oil, how high with gasoline price go?\u00a0 He answered with a combination of market forces and advocated that U.S. citizens should demand their politicians do more to increase domestic oil production.\u00a0 Later on the same show, Donald Trump stated that we should tell OPEC what to charge us for gasoline.\u00a0 Try that with your neighborhood gas station.<\/p>\n
The truth is gasoline and the oil it comes from is a limited resource.<\/strong> All the oil that we will ever use was created hundreds of millions of years ago.\u00a0 The conditions were very different for today’s climate.\u00a0 Probably a much hotter climate.<\/p>\n As a limited resource gasoline will get more expensive as we use it up.\u00a0 Any attempt to control the price will bring many unintended consequences.\u00a0 The U.S. has enjoyed cheap gasoline because we are a large producer, but we have become an even larger consumer!<\/p>\n The price we pay for gasoline does not reflect the real cost of a gallon.\u00a0 The U.S. consumes more that it produces, so we must import oil.\u00a0 So our government has gone to foreign producers and made deals, invaded, and fought wars to keep oil cheap for us.\u00a0 This added cost is not<\/strong> added to gasoline costs.<\/p>\n Letting the price rise will cause alternatives to be developed, conservation will be increased without large market boom and bust cycles.<\/p>\n Gasoline will get more expensive.\u00a0 The price of gasoline will go up.\u00a0 All the way to the top!\u00a0 Get over it!<\/p>\n","protected":false},"excerpt":{"rendered":" I am watching the news and the collective hand-ringing over $4.00\/gallon gasoline.\u00a0 Candy Crowley of CNN asked\u00a0 John Hofmeister, former president Shell Oil, how high with gasoline price go?\u00a0 He answered with a combination of market forces and advocated that U.S. citizens should demand their politicians do more to increase domestic oil production.\u00a0 Later on … Continue reading “Get over cheap gasoline”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,4],"tags":[],"class_list":["post-39","post","type-post","status-publish","format-standard","hentry","category-energy","category-government"],"_links":{"self":[{"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/posts\/39"}],"collection":[{"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/comments?post=39"}],"version-history":[{"count":8,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions"}],"predecessor-version":[{"id":55,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/posts\/39\/revisions\/55"}],"wp:attachment":[{"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/media?parent=39"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/categories?post=39"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.counterchange.net\/blog\/wp-json\/wp\/v2\/tags?post=39"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}