PenderBlog From The Pender Islands Of Canada

June 5, 2007

Gas prices too high?

Filed under: Commentary — Jocko @ 1:10 am

Some complain that oil companies are making windfall profits with high gas prices, which may have some merit, and don’t forget that gas tax. But what would lower prices actually mean? Lower fuel prices would likely encourage greater consumption. Is this what we want? Doesn’t this fly in the face of the “green movement” objectives, which I suspect is for some, nothing but political window dressing. How many of us are willing to put our actions, ie. fuel conservation, where our political correctness lies. We probably don’t really want to know how high oil prices could rise if, and inevitably when, supplies dwindle. CBC news recently reported that despite higher gas prices, car and light truck sales have soared. Apparently the buyers of new vehicles feel they can afford gas at current prices. Others may argue that supply is plentiful and that consumption rates can remain the same or even increase while prices go down. In this scenario, what about the increased CO2 emissions and associated climate change? Remember that? Sooner or later, something has got to give! What’s your take?

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