Thursday, May 13, 2010
American Thinker: Welcome to the Era of Expensive Energy
American Thinker: Welcome to the Era of Expensive Energy:
Gas prices are marching steadily upwards -- past three dollars at my local suburban station and a couple of dimes more than that in Chicago. Why? Part of the rise is seasonal in nature: demand increases going into summer to fill up those cars going on family vacations. Also, as summer proceeds into fall, refineries start refining more heating oil from crude and less gasoline. Part of the rise can be attributed to the lack of refineries in America -- government rules and regulations (and the NIMBY-Not In My Backyard dynamic) have halted the building of American refineries."
Gas prices are marching steadily upwards -- past three dollars at my local suburban station and a couple of dimes more than that in Chicago. Why? Part of the rise is seasonal in nature: demand increases going into summer to fill up those cars going on family vacations. Also, as summer proceeds into fall, refineries start refining more heating oil from crude and less gasoline. Part of the rise can be attributed to the lack of refineries in America -- government rules and regulations (and the NIMBY-Not In My Backyard dynamic) have halted the building of American refineries."
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