Thursday, November 20, 2008

Gasoline Prices Under Two Dollars...

With Gasoline prices falling near two dollars for the first time since March 2005, and with prices not falling as fast in the past thirty years, I think we actually may have a problem. While gas was peaking out, many truly began to realize how important cutting down gasoline consumption is for ourselves, and how if we didn't, we would all go bankrupt do to its high price.

Now that prices are so low, I think people have probably forgotten the horrors of absurdly high gas prices. This is quite faulty, since prices are bound to go up again sometime in next 12-24 months, due to the dramatic increase in demand for the resource in developing nations, along with our own surging population in America. With such obvious problems on the horizon, I'm happy men like Obama realize the need for investment in alternative energies. Furthermore, with such investment, we can stop giving unreasonable amounts of power to OPEC, which, in my opinion, couldn't careless about us. I say let's go out and invest in alternative energies, and innovate as Americans have been doing for the past 230 sum odd years. 

We, as a nation, must realize the elasticity of gas prices, especially upward, and with this knowledge we must take initiative to protect our nation from spikes in such prices that will hurt our economy, our citizens, and our nation. 

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