Thursday, March 8, 2012

Thoughts On Rising Gas Prices

The uproar about the rising prices of gasoline is the theme of this video where I give my own ten cent on the best way to solve the problem which I believe is to develop a good mass transit system that will discourage our over-reliance on cars.

Who's really to blame for the rising gas prices and what's the best way to get that phenomenon in check? Interesting thoughts here.


  1. I tackled this subject at the link below. No one to blame really. Many factor thoug. The ‘spot market’ sets contract prices for crude before it ever leaves the Persian Gulf. In transit, contract prices are continually revised according to fluctuating estimates of supply and demand. In the meantime, investors and speculators place bets in response to the uncertainty caused by two, possibly three U.S. wars ..and ongoing civil unrest.

  2. I think the thoughts expressed on this video considers all the many factors that determine the prices and only talks about the way to make the prices irrelevant like it is in many parts of Europe. Like the author said, Europeans pay double what Americans pay and don't complain because they have a good mass transit system that makes car owning a choice rather than a necessity as it is in America. Europeans don't depend on gas the way Americans do, and that's something we should learn from.

  3. You’re right ..we have to develop a transit system. The only thing holding us back is fear. I live in California. I read something about the high-speed rail project in the LA Times last Thursday. It’s definitely a skewed. I said: “Political conservatives are deeply opposed to the California high-speed rail project. They see something sinister about it: an agenda to push people into European or Asian models of cities where apartments are clustered around rail lines and people rely on state-run transportation. In their view, the rationale of the rail system rests on flawed assumptions that would undermine California's identity, which during the last half-century has revolved around single-family homes that have driven economic growth, family-oriented lifestyles and signature West Coast recreation.” [,0,3644887,full.story]

    How do you counter that ..?