Sunday, November 16, 2008
Gas Prices - How Low Can You Go?
This is a photo my friend David sent me on Friday. We are having a competition to see who can find the lowest gas price. He wins!
Sadly, David has pointed out that gas can fall to 50 cents a gallon and it won't help much. What good is cheap gas when so many people either don't have jobs to drive to or money to shop with?
OPEC has been calling for cuts in production to get prices back up. Good luck with that! I hope we have finally "woken up" and are staying on the path of finding alternative fuels and manufacturing more energy efficient vehicles.
The U.S. auto industry is in deep trouble and looking for a bailout from Congress. If they fail, there will be massive job losses. If we bail them out, will they make the necessary changes that they should have made years ago? Will the unions and labor make concessions that they currently are refusing? Where do we draw the line? Who's next in the ever growing line at the Treasury bailout window? What happened to the "Free Market Economy"?
Sometimes you have to fail before you can succeed.