Current Events-Gas Prices
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Effects on Gas Prices
It seems that these days there is always some sort of unrest in the middle east. Whether it be Libya or Iraq, these countries are always a hot spot for trouble. We import most of our oil, and a large portion of it comes from that region.
Just when we thought that we would have a quiet period, we have a riot on our hands. The news may not report the unrest as a big event anymore, but it is still happening. This doesn't bode well with oil prices. At my local station it is $3.56 today (as of March 2011), and it will probably rise tomorrow. At the beginning of February 2011 it wasn't even up to $3.00.
*** In more recent news, it is February 16th, one year later and the gas prices are $3.66 for regular, $3.89 for super, and $4.05 for supreme. The prices are increasing every week, the more Summer approaches. ***
Alternative Energy
Will the United States need to find an alternative energy source/oil source? I think that if the situation doesn't die down soon then we may need to close up shop in the middle east. It seems that for far too long there has been conflict. Why should we risk our already shaky economy?
Can we afford to invest our money over seas in a battle ridden territory? Not just with oil, but with other products. We get wheat and cotton from Egypt and our oil from many neighboring countries. At any time nations in the middle east could rise into an uproar, or even a civil war. Government destabilization seems to be the new fad, democracy is knocking on everyone's doorstep.
Conclusion
Can democracy work over in these countries when so long they have been guided by religion? It goes to say that democracy and religion do not mix well. For countries like Iraq who have newly adopted a form of democracy, they seem to be living with it well. Maybe once all of this conflict dies down and governments re-stabilize, the cost of certain items will go down.
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In response to trish:
We do have untapped reserves of natural gas and oil, mostly in the tar pits of Alaska. The Gulf Pipeline was proposed to bring the oil from those tar pits to a refinery.
However, the oil line would have been far more costly than it could have made in profits, and would have shut down in only 30 years, or when the tar pits were empty.
Some of the oil that is produced in the United States is shipping overseas to places like China and Japan, to help pay off debts. Very little of native oil is used in United States.
I don't even drive yet a it's still posting me off because the guy I work for isn't paying minnimum wage because gas is to high for his mowers
@Trish: They keep going up and up. In Lewiston, Me, the prices are close to, (and in some place at), $4.00 per gallon.
I'm not rich so, I am watching all of the news on gas prices like a hawk. If they go over $4,50, then I am buying a bike, or something *rolls eyes*.
As for our government- most of them only care about how much goes into their wallets, and how much comes out of ours. Irony? I think so.
These gas prices are rediculous, I heard it was supposed to get over 5.00 here this summer and I am not looking forward to it.
Don't we have untapped resources here in the United States? I'm pretty sure thats true so why don't we just tap into them. This government is frustraiting and hard to follow. I no longer have any idea what they are doing with this coutnry or what their plans are. I'm not sure they do either. Good luck withe the gas prices in Maine. Hope they don't hit your wallet too bad . Good post I look forward to reading more.
chris 8 weeks ago
the government doesnt know what there doin to us. they need to be put in our shoes