No Fueling….
Gasoline prices are becoming like that old cliche about the weather….
Everyone talks about them—but no one does anything about them.
Whose to blame?
Let’s start right at the top—and work our way down…
President Bush is at best unresponsive to the situation—and at worst out of touch as this clip from February 29th indicates. When told about four-dollar-a gallon gas, Mr. Bush found it hard to believe that fuel prices were heading to their current level…
Perhaps he’d be better informed if actually had to PAY at the pump for the gasoline his limo (and secret service fleet) use….
Then there are our representatives in Congress.
They’ll launch another meaningless “investigation” into price gouging— find nothing as usual, and that’ll be the end of it.
They’ve taken no positive action to try and find ways to help reduce the escalating cost of fuel which affects everything from air travel to the price of food in the supermarket.
And WHY is the cost of gasoline jumping up every day?
Part of it is due to speculators in the market.
Gary Harris, executive director of the North Carolina Petroleum and Convenience Marketers Association told me that up to a dollar a gallon is tacked on to the price of fuel as the result of speculators.
He also says a bill sits before congress that would help control the costs generated by speculators— if only our lawmakers would act on it..
That legislation would require speculators to actually store a percentage of the gas they bid on…
Since most speculators are doing their business on paper and lack the storage facilities, experts believe that will reduce the amount of gas that’s traded as a commodity thus helping to control the price.
And what about alternative energy?
As we told you in this post on March 17th—ethanol is not the answer for a variety of reasons..
But Hydrogen JUST might be.
Not only is it plentiful, but it only leaves water vapor as a by-product of its combustion.
And as you can read here— a safe way to store and release that hydrogen may soon be with us, thanks to something called hydrides…
It would make fueling hydrogen run automobiles about as simple as fueling a conventional vehicle.
Our lawmakers ought to be pumping money into THAT research instead of pumping out more hot air from the halls of Congress.
—Steve
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