Friday, May 23, 2008

Coping With Gas Prices

Looks like people are finally starting to change their ways a bit. Hope this trend spurs more bike riding/development of public transportation/new green energy technology. There's no reason with America's resources we can't become the global leader of these things...

1 comment:

Pete said...

All this has led to a massive transfer of wealth from American drivers to domestic and foreign oil producers. Every one-cent increase in gasoline prices means Americans pay $1.42 billion more a year for gas, according to Stephen P. Brown, an economist at the Federal Reserve Bank of Dallas. Nearly two-thirds of that goes to foreign producers.

I wonder what the long-term implications of this are.