Sunday, June 22, 2008

In Agreement on Gas Prices

In response to Is There An End In Sight? ...

I totally agree with you. It seems as if our nation is in a downward spiral of negative economical effects because of the high gas prices. When it cost people twice as much to commute to work as it did two years ago and these same people have not received a pay raise then these individuals are unable to compensate. Instead of not driving to work which would ensure the loss of their job, these people are forced to cut back on expenses elsewhere which in turn affects other aspects of our economy and drives those prices up as well.

Head officials of the U.S. have been giving citizens the run around. They say they are doing what they can, meanwhile the only change we see are the increasing gas prices! Officials have been vague about plans to reduce gas prices and increase drilling for oil off shores. I suspect if they do not get their plans in action the economy will only become worse and many citizens may face severe financial difficulties trying to maintain the life they are used to while budgeting their gas expenses.

"This morning, prompted by increasing concerns about terrorism, oil prices reached a record high as the cost of a barrel of crude is a whopping $44.34. Wow, it seems shocking that a product of finite supply gets more expensive the more we use it. Now the terror alert means higher oil prices, which oddly enough means higher profits for oil companies giving them more money to give to politicians whose policies may favor the oil companies such as raising the terror alert level. As Simba once told us: "It's the circle of life." ~Jon Stewart

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