Don't Blame Me for $4 Gas

June 30, 2008 RSS Feed Print
  • Comment (18)

The following commentary aired on the PBS program Nightly Business Report on June 27.

Whose fault is it?

I could be talking about the housing bust or the credit crunch, but today's crisis is record-high oil and gas prices. So let's finger the boogeyman responsible for that.

Maybe it's the government's fault that gas costs $4 per gallon, since the government won't subsidize the cost and give Americans a gasoline rebate, out of our own tax dollars.

The Saudis and Kuwaitis share the blame, for refusing to pump as much oil as we want or lowering the price for our benefit.

The Indians and Chinese sure have a hand in it, since they're using up oil and gas that's really meant for us, not them.

Then there are the greedy speculators, who are wrecking our lives by taking advantage of the strong demand for oil and making a profit by selling it at higher and higher prices.

Who came up with this idea—profiteers controlling the market for a valuable commodity? Don't they know that Americans have built a vast infrastructure—and in fact, a national lifestyle—around the belief that gas will always cost less than milk? Don't they know that we've committed a lot of money to big cars that make us feel proud and invincible—and require a lot of gas?

Whoever's job it is to get gas prices back down, they need to go tell all these people that they're interfering with the American Way of Life. Yeah, we could change our ways. But how about all those other people change their ways instead?

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Restrict non-commercial gas guzzlers to ranches and farms.

Travis of TX 6:28PM July 08, 2008

But the anti nuke guy is just sooo wrong!

The pro nuke guy is a bit off on a few points, namely the Cesium and Strontium that would be a by-product of fuel recycling would require at least 600 years of storage before it reached background levels probably closer to a 1000 if we concentrate it. But then the lead in a lead acid battery used to store solar energy will be dangerous forever.

The anti-nuke guy is still an oil war monger in my book. And so Wrong

The French get 80% of their electricity from nuclear power, Was more in the 1980's but then they went and made more French people. None of them died from nuclear accidents.

No one was even injured by Three Mile Island.

More people died making Organic insecticide at Bhopal than were killed by Chernobyl.

We can recover the 3 parts per million Uranium from the water in the oceans and have enough fuel to power us for centuries. You can then use the plutonium made in spent fuel to run #breeder# reactors for centuries more.

Some day they may make fusion work, but they are showing no signs of starting parabolic containment research again so I predict another 30 years of wasting time and money on toroids. It is a form of nuclear power, so when we pull our heads out and make it work, there's a few more centuries for you.

There is no way to have a nuclear explosion with a modern reactor. Chernobyl was a bunch of fuel in a giant charcoal briquette, It combusted more than it exploded. Nobody builds them like that anymore. We operated 10 similar plants between 1943 and 1973 without any reactors blowing up or burning. Our navy has operated over 300 reactors in every ocean in the world, with the crews living yards away from the reactors and we still pay naval pensions and we never lost a ship or a sub or a sailor to a nuclear accident.

Every year over 300 people die looking for and producing oil in the US alone. We won't count the thousands that die in Nigeria and elsewhere fighting over oil every year. I don't even want to look at the statistics for coal. We average about 200 people killed refining oil to Gasoline. There is the 2 in a million increased risk of cancer when you smell fumes.

More people have died erecting and servicing wind turbines in the last 10 years than have died in nuclear plants.

If we were to attempt to make the same amount of power with Solar energy, more people would die from battery explosions every year than have died in US power reactors in the last 50 years.

To worry about nuclear being unsafe is not only wrong, its immoral,

You have a much better argument pointing out how expensive it is to decommission a nuclear reactor and how much money we would be spending right now if we had built a lot of reactors 30 years ago. But, you have to realize that 50% of the cost is due to allying irrational fear. And even still, I'll bet it would be less than the 150 billion a year we are borrowing to make the middle east a better place to buy oil.

Michael Weselman of TX 5:51PM July 01, 2008

For you people driving a Chevy Suberban 50 miles one way to work. hahahahahhahahah

Joe Rocker of AZ 4:26PM July 01, 2008

Rick Newman

Rick Newman

The global economy is mysterious, even scary. Chief Business Correspondent Rick Newman connects the dots. In addition to his writing for U.S. News, Rick is the co-author of two books: Firefight: Inside the Battle to Save the Pentagon on 9/11, and Bury Us Upside Down: The Misty Pilots and the Secret Battle for the Ho Chi Minh Trail.


Read Rick's latest blog entries here.

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