Gas Price Surge Is A Stunner

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By John Hubbuch

The recent surge in gas prices is stunning. Not because they have spiked, but that anyone would be the least surprised at such an increase. Such increases have happened I would say about oh maybe a hundred times in the last 40 years. But like snow in winter the news media and pols act like it's  an 8.8 on the Richter Scale.  

It's what happens when a diminishing supply is desired by increasing consumers. Food, clothing , shelter and an automobile are desired by almost 7 billion of us. Throw in the fact that most of the oil is located in places where government is chaotic, despotic or just plain crazy and you have the makings of a yo-yo market where prices rise and fall like the tides only less predictably.                           

And let's be honest a temporary spike in prices of a dollar or two is not that big a deal for most of us. The people that can pay 40 thousand dollars or more for a gas-guzzling behemoth, can surely pay a little more to feed the beast. The people that live in big cities with access to public transportation have any increase spread over  the population of riders. If you live 40 miles from your workplace,  you are probably getting a deep discount on the price you paid for your house. Higher prices encourage conservation. The air quality improves. And of course the price will eventually drop.                   

The voters and their  short-sighted "leaders" they elect to represent them have had the reality of fossil fuel dependence before them for almost 50 years. No one should feel sorry for us. At least the dinosaurs couldn't do anything about the meteor that brought about their destruction. Most of our wounds are self-inflicted.

Reader Comments

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j.oak park  

Posted: March 6th, 2012 2:34 PM

@JIm Coughlin, the movie who killed the electric car is a great movie. I think I am going to find it and watch it again. Thanks for reminding me about it. cheers.

Jim Coughlin  

Posted: March 6th, 2012 2:23 PM

Q, I hope you take the opportunity to view the documentary "Who Killed the Electric Car?" Toyota Motors wanted nothing to do with developing an alternative fuel vehicle and the two oilmen occupying the White House were on their side.

Q from Oak Park  

Posted: March 5th, 2012 11:28 PM

Jim Coughlin, they don't even report the tremendous profits any longer on the news. No one can do anything about it, except agreeing not to drive on certain day's, perhaps the weekend. With this so called social media, you would think it would be easy to let everyone know to not drive and bring down the costs. That will created a real supply and demand on oil companies. They demand more money, and will lower the price to get more money. The electric car goes back to the late 1800's. No profit.

Jim Coughlin  

Posted: March 5th, 2012 8:11 PM

Q, I believe it's been reported that while overall consumption in the United States has dropped in the past decade; oil company profits are way up.

Q from Oak Park  

Posted: March 4th, 2012 2:19 PM

The US imports from about 40 different countries worldwide. The top countries are Canada, Mexico, and Saudi Arabia.?The US exports about 10 percent of oil too. Oil is used as Gold once was. If Gold is up, we know our economy is not in the best shape. Oil prices are up, now you know why. It has nothing to do with supply and demand. If so, that could be proved if we all stopped driving for 1 day. If it was supply and demand, the price would drop.

Jim Coughlin  

Posted: March 4th, 2012 12:30 PM

"Who Killed the Electric Car" is a 2006 documentary that examines the reasons why we are still so dependent on fossil fuel to power our vehicles.

Dave Coulter  

Posted: February 27th, 2012 8:37 AM

I think we had a good opportunity in the mid 70's to start to change course regarding energy consumption. What if we had applied the same energy and intellect to reducing oil use as we did to computers and cell phones? I'd like to think the timing is better now, but has the political will improved?

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