And alternative energy still isn’t close to being competitive with fossil fuels.
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“Damn” was her audible response
I recently heard a surprising story: A female CEO was briefed on a stellar candidate for a top job at her company. “Sounds ideal,” she said to the group in the room. “Male or female?” Male was the answer. “Damn” was her audible response. The guy wasn’t even interviewed. Why Are Men SilentSearch BIS
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- “This has been the coldest season with the most ice since we started Arctic Watch in 2000. Almost no whales. The NWPassage is still blocked with ice. Some of the bays still have not melted!”
Richard weber, owner/operater Arctic Watch Generation Screwed
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It would be nice to be able to gloat over this, but I think it's more complicated than who was in office. As I recall, the reason gas prices got to this point was due to the recession, and the corresponding drop in demand. Gas prices had been up to almost $4/gal. the previous summer, IIRC.
What I think the prices we have now point out is that Obama's foreign policy hasn't brought us the benefits that his side has said it would. It has not calmed tensions in the Middle East, and this is one reason gas prices have gone up. Another is because of what the Fed has been doing, devaluing the dollar.
Another reason gas prices have gone up is that markets overseas are recovering faster than ours. This is another mark against Obama. Global demand for gasoline has gone up, but demand for it in the U.S. has gone down, due to the economy. Nevertheless, gas prices have gone up here, because of global demand.
I noted the tags for this post. Interestingly, many of the Democrats would not regard this as #GREENFAIL, but rather #GREENSUCCESS. They've wanted to drive up gas prices to make “green” energy cost-competitive.
Mark,
All good points, especially the note on the #GREENFAIL tag. 🙂 The issue is even with the success of elevated pricing for fossil fuels most green energy sources are still failing.
In partnership with the tensions in the Middle East has been the lack of a domestic energy policy for fossil fuels except to basically outlaw coal. If this administration could have foreseen the success of fracking on natural gas production, I'm sure they would have thrown more roadblocks in the way.
Also, I believe devaluing the dollar is the long term, slow growth cancer tha may prove almost impossible to put into remission much less cure. It's almost a topic for another day, but with the Federal Reserve buying Treasurey bonds (OK mortgage backed securities with QE3), creating “free money” and damaging their balance sheet, it's very hard to see how the country can extricate itself from this situation. It's the elephant in the room, and admittedly people talk about it, but no one actually does anything about it. I'm concerned about both 1) how much the Government expects the Federal Reserve to do and 2) How much the Federal Reserve is actually willing to try.