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No Magic Bullet for the Price of Gas

The world market has more effect on gas prices than the president or 'drill, baby, drill'

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March 22, 2012 RSS Feed Print

Americans are justifiably anxious about what the future holds when it comes to gasoline prices. But many motorists are beginning to appreciate that anger over pump prices will not relieve pain at the pump. Nor will political promises.

Oil markets have globalized to the point where prices are beyond our control. Given oil's dangerous monopoly power over our mobility, it's time to entirely reinvent our habits, innovate technologically, and adopt bold new policies aimed at reducing the use of oil and substituting instead of subsidizing and searching for oil. This is how America will ultimately survive $4 gasoline.

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Friend Schaefer - Not saying it cannot be done, just saying it's not a "quick" fix. When I say infrastructure I'm talking about every gas station selling CNG, I'm talking about pipelines, I'm talking about mass production of CNG cars. As this lady says, there are no quick fixes. Individuals, like your dad, can certainly go it on their own, but the masses are not lining up yet. The demand has not caught up with the supply. No doubt if demand for CNG spiked, then the supplies will be there, but there is no demand as of yet. You might be looking in to the future, but you're not lookin in to the near future. I like you thinking out of the box though.

bing of AL 8:48PM March 23, 2012

Hey Bing of Al... FYI...

In 1970 my Dad drove his pickup to the neighborhood gas station just before lunch and picked it up around 3 p.m. - All converted to run on either natural gas or gasoline with the flip of a switch. The same gas station sold CNG. Cost him $200 bucks.

So you see Bing, in 1970 we had the technology to make any car run on both CNG and gasoline available at the corner gas station.

I suspect if the government would get out of the way we could do the same thing 42 years later.

R.L. Schaefer of CA 9:41PM March 22, 2012

Drill all you want. I'm not against that, but I'm not foolish enough to think it will bring down the price of gas, especially in the near future. Natural gas could be a solution, but we don't have the infrastructure or the cars yet to use that resource. If we are going to use that resource to fuel our cars, you're talking years in the future. There is only one solution to our energy needs, all of the above.

bing of AL 7:20PM March 22, 2012

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