Anyone who partakes in this strike has no clue why gas prices are so high. At least try to look at the economics. Is demand rising very fast? China and India are growing very fast and consuming more and more oil. That adds to the rising prices. Is supply changing or shrinking? In the U.S., there hasn't been a new oil refinery built in decades. Why? It isn't because of greedy oil companies. They've tried to build new refineries, but the state governments have blocked these attempts. Exploration projects to find oil using new technologically advanced methods are also being blocked by state governments. Are there any other factors? Since the dollar hasn't been gold backed since 1913, it's been up to the federal reserve to keep inflation down. Adding to the rising prices of gasoline is the fact that oil is traded in dollar denominated barrels. With a cheapening dollar, the price of oil is gets relatively more expensive to the U.S. in the global market. Other countries haven't been hit as badly with the rising price of oil because their currency hasn't been inflated as much as the U.S.
It is really your government you should be protesting.You can't control demand, especially demand from other countries, unless you want war.
If you're asking for cheap oil, you should really be asking for more drilling and controlling inflation.
Oread Inn road closures to end earlier
I'm sorry JConnor. I didn't hear your complaint, could you repeat that? I was distracted by the back massage I was getting in the Oread Inn.
April 23, 2009 at 11:04 a.m. ( permalink | suggest removal )
Record gas prices prompt gas strike
Anyone who partakes in this strike has no clue why gas prices are so high.
At least try to look at the economics.
Is demand rising very fast?
China and India are growing very fast and consuming more and more oil. That adds to the rising prices.
Is supply changing or shrinking?
In the U.S., there hasn't been a new oil refinery built in decades. Why? It isn't because of greedy oil companies. They've tried to build new refineries, but the state governments have blocked these attempts. Exploration projects to find oil using new technologically advanced methods are also being blocked by state governments.
Are there any other factors?
Since the dollar hasn't been gold backed since 1913, it's been up to the federal reserve to keep inflation down. Adding to the rising prices of gasoline is the fact that oil is traded in dollar denominated barrels. With a cheapening dollar, the price of oil is gets relatively more expensive to the U.S. in the global market. Other countries haven't been hit as badly with the rising price of oil because their currency hasn't been inflated as much as the U.S.
It is really your government you should be protesting.You can't control demand, especially demand from other countries, unless you want war.
If you're asking for cheap oil, you should really be asking for more drilling and controlling inflation.
June 10, 2008 at 12:53 a.m. ( permalink | suggest removal )
Letter: Encouraging gay pride
I'm cool with gay pride parades as long as we can do some straight pride parades too.
April 17, 2008 at 2:38 p.m. ( permalink | suggest removal )
Humorous write-ins fill ballots
I would vote for Batman any day of the week.
April 15, 2008 at 11:40 a.m. ( permalink | suggest removal )
Letter to the Editor: Wrong label
Oh my. That was a great LTE.
April 15, 2008 at 11:16 a.m. ( permalink | suggest removal )
Goble: Heckling is as ‘Merican as warm apple pie
http://imgs.xkcd.com/comics/duty_call...
April 3, 2008 at 1:41 p.m. ( permalink | suggest removal )
Student activists seek open talks of government funding
Damn the people who trying to tie the real world to the ivory towers. Don't they know the ivory towers are shiny and white?
March 25, 2008 at 1:10 p.m. ( permalink | suggest removal )
Organizers recruit to show concern for coal plant bill
You can't complain about people not being able to afford electricity bills and then block expansion of energy production.
March 11, 2008 at 1:37 p.m. ( permalink | suggest removal )
University anti-virus software plagues students
Man, you guys really went to the experts...Resnet and Bestbuy's notoriously crappy Geeksquad...wow
March 6, 2008 at 12:05 p.m. ( permalink | suggest removal )
United Students propose pool for Recreation Center
Since when is $20 million "free for students"?
March 4, 2008 at 11:47 a.m. ( permalink | suggest removal )