PrintFebruary 6, 2011
Energy Dollars and Sense
One of the most pressing problems for businesses, individuals and families is the cost of energy. Americans are paying too much for the energy needed to run factories and offices, for motor fuel, and for home heating oil. Aside from taxes on petroleum products and despite OPEC's schemes, petroleum prices are largely demand driven. Demand for petroleum-based energy is increasing world-wide.Compounding the problem of increasing world demand are the unrest and uncertainty in the Middle East and a hostile Venezuelan government. America and the world are approaching a perfect energy storm. The price of Brent Crude recently passed $100 per barrel for the first time in two years.The United States Congress is solely responsible for America's energy crisis and the high costs of fuel. While restricting access to American sources of petroleum for years, Congress has been throwing billions of American tax dollars at alternatives to petroleum. Following decades of "investment,"...(Read Full Article)
