A hundred years ago, Americans could use typewriters, the telegraph and primitive telephones. Today, Americans have computers, the Internet, cell phones, satellite television and radio, DVDs, iPods, email and instant messaging.Jonah Goldberg:
A hundred years ago, Americans could have personal vehicles powered by internal combustion engines running on gasoline. Today, Americans can have personal vehicles powered by internal combustion engines running on gasoline.
You see the problem?
We are horribly dependent on foreign oil. But we shouldn't develop domestic oil or boost our refining capacity. We need a gas tax to wean Americans from foreign oil, but high gas prices are an outrage. We need alternative forms of energy, but we shouldn't use nuclear power. We need renewable, sustainable energy, unless it spoils the view of rich liberal icons.World Tribune:
Got it?
Qatari Energy Minister Abdullah Bin Hamad Al Attiyah said the price of oil would drop by $15 should politicians end their expressions of concern over a halt in supplies.I’ll admit to some mixed feelings about high gas prices: I hate them. I hate adding up what I’m spending every month. I hate thinking about the movies and pizzas and shoes that money could have bought. Plus, gas prices make everything else more expensive. Everything in this room was delivered – either here or to a store – by truck.
Al Attiyah said the record oil prices of more than $75 per barrel was the result of fears and speculation within the market.
A big, heavy, gas-driven truck.
On the other hand, we all agree that we should find some way to be less dependent on foreign oil. As long as gas is cheap (defined, for the moment, as less than $2.50 a gallon), we’ve got no real incentive to do that.
On the other hand, if we do things to lessen our dependence on foreign oil – allow more domestic drilling, invest more in nuclear power, make it easier to build new refineries (including, dare I say it, in Manitowoc and Superior, to refine the oil we drill from the Great Lakes) – that’s going to bring prices down.
Eventually. Thus removing said incentive. Ironic.
Just what should a gallon of gas cost? I’ve read that it’s hardly changed from a generation ago, when you adjust for inflation.
All that means to me is: gas was way too expensive back then.
When things are in demand, prices go up. That’s the law. Except, sometimes, it isn’t. For example, if you’re reading this, you’re doing so on a computer. The cost of computers has dropped significantly over the last decade. Ditto VCRs, CDs, etc.
Why? Because we’ve found better, faster, more efficient ways to make them. Because competition has forced it.
This analysis doesn’t work universally. Cars keep getting more expensive, no matter how many of them we buy.
But. It’s not set in stone that a product’s price will rise over time. Competition can cure that.
So what should a gallon of gas cost? Less than it does. That much seems obvious, simply because the US government should get its nose out of the energy business, and put it...well, just leave it. Don’t put it anywhere. Stand perfectly still.
We could increase supply by increasing domestic drilling and building more refineries. We could reduce demand by building more nuclear reactors.
Any of those will take a decade – maybe more – to have any impact. Plus, there’s more to the price of gas than our domestic energy policies. For some reason, those places that have the most oil also seem to be most prone to political unrest, schizophrenic despotism, and terrorist infestation.
Gee, if only we had the most professional, powerful, unstoppable military in history, we could just invade, occupy, and bring real stability to the world’s oil supply.
That wasn’t a serious suggestion, of course. Well, okay, it was a little bit serious. It was a war for oil, wasn’t it?
So gas prices hurt. They’re dragging on our economy, whether the numbers show it or not.
But I’ll live with it. Mostly because I have to. I’m an American. We drive.
I’ll live with it more happily, if higher prices drag us out of our own contradictory policies. Our demand for lower prices; our fear of drilling, nukes, refineries; our dislike and distrust and regular purchases of oil from dictatorships, particularly Jihad-prone ones.
Looking at it that way, I wish we’d been paying $3 for gas ten years ago.
