Saturday, November 29, 2008

Gas is $1.78/gal in my neighborhood. What's the price where you live?

Dont get me wrong, I like low gas prices just like the next guy.

But we shouldnt let the current low price of oil fool us into not doing anything to increase our fuel efficiency over the long-term. Otherwise, we havent learned anything.

And if as a society we lack the conviction to do this on our own as individuals, then I would go so far as to say the government should heavily tax gasoline and use the proceeds immediately to develop alternative fuel technologies.

If we dont do this, OPEC will do it for us by cutting back supply and driving the price of oil higher. The Saudis have openly stated they would like to see the long term price of oil much higher than it is today.

Would you rather spend more money on gasoline and keep the money here in the US or would you rather send the money over the middle east?

It's our choice.

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