High Gas Prices Could Be Here for a While - Page 2
Gasoline is almost $4 a gallon. We know that's a red line where people really start to change their behavior. At a minimum, I'd be talking about a tax that basically says we're going to keep it at $4. If it goes below we'll true it up, if it goes above that we're not going to touch it. Maybe say we're not going to implement it until 2012. So you signal people it's going to be coming, you don't change the — you don't harm the economy today but you get people to change their behavior.
Is changing behavior what this is all about? Will it change Freidman’s behavior? Doesn’t he live in the city where most people don’t own cars? A quick search of news and commentary will find this sentiment echoed by those on the Left — and those in the current administration.
Energy Secretary, Stephen Chu, made the following remarks in 2008, while the head of the Lawrence Berkeley National Laboratory in California.
"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," arguing that higher costs per gallon could force investments in alternative fuels and spur cleaner energy sources.
I’m all for diversifying our energy sources. I mean that just makes sense. But windmills, solar, and ethanol have proven to be too expensive to make sense — especially when we have plenty of inexpensive resources that are being underutilized. If the goal is to create cleaner sources of energy, we have plenty of natural gas at our disposal and then there’s nuclear energy which requires no drilling at all. But our government hasn’t allowed any new licenses for nuclear reactors in the past 30 years.
Americans as a whole like our automobiles. One of the greatest pleasures I have is driving my Corvette with the top down and the music turned up. We don’t want to drive electric cars and bicycles to work.
What’s curious is the tone of the major media outlets during this rise in gas prices. The last time fuel spiked up, it seemed like it was the top story everyday followed by some story on how George W. Bush and Dick Cheney were associated with the oil business — as if they were reaping the profits the high prices were generating. Interestingly enough, the major television networks are still attempting to link the “skyrocketing” gas prices to George W. Bush even though he hasn’t been president for more than 2 years.Continued on the next page