Atlantis Alumni

Friday, October 26, 2007

Oil Prices Continue To Rise, So...?

...when will the run up in the price of oil have an impact on the economy and on our pocketbooks? If this were June, with the summertime driving season ahead of us, the price of gasoline would probably be approaching $4.00 a gallon. You can't convince me that these prices are not manipulated by the big oil companies with the tacit approval of politicians like Bush. What will happen to the price of home heating oil and natural gas in the next few months as winter sets in? It's anybody's guess, but I wouldn't be surprised to see record prices. We'll pay because we have no choice. We have to heat our homes.

Oil at almost $100.00 a barrel is going to have an impact somewhere soon. Our only national energy policy is to let market forces work, as long as corporations reap the profits, that is. What we really need is an emergency national plan to deal with the energy crisis that we are facing. We need a plan like we had in WWII, that will require forced sacrifice and conservation and in all likelihood, eventual rationing. But that's not what we'll get. Instead, we'll all be forced to pay higher an higher prices for our energy needs until the price of gasoline, electricity, and home heating breaks the back of our economy. For some, the cost of energy already consumes so much of their family budgets that they cannot afford to heat their homes in winter. More and more people will fall into this category if something is not done soon.

PHOTO: One of the boat houses on Philadelphia's boat house row. We walk by these beautiful houses on our daily walks. Local high school and college rowing teams use these houses. The Schuylkill River is just on the other side of the house. When the ice caps melt, all of this will probably be under water.


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