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Posts Tagged ‘Oil Industry’

Gas Prices: Fool Us Fourteen Times, Shame on Us

May 26th, 2011


The gas price debate in the U.S. is a lot like the movie Groundhog Day. Fourteen times over the last 25 years, we have woken to gas prices in the United States have jumped by at least 5% between the months of March and June. Each time, Americans feel more and more of a pinch on their wallets. And each time, policymakers roll out the same stale and ineffective solutions. While calls for more drilling or releasing the Strategic Petroleum Reserve may make for good sound-bites, these proposals would do little if anything to reduce oil prices.

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