Why Are Fuel Prices So High?
I am just looking through some brochures about wood burning stoves and contemplating the huge price hikes in oil, gas and coal. All of the prerequisites basically of powering our vehicles and warming up our homes have as everyone knows went thru the roof.
The oil barrens put up the cost of oil when there is a economic crisis. Then when there is a boom they put it up again as one says the demand is too high. What gives and who’s truly controlling this monopoly that eats away huge pieces of the average household’s bills.
Haven’t we received enough oil reserves here in the U.S. ? Why will we need to import so much black gold? Scientist’s are the motor industry and rapidly chasing new technologies to deal with balance the supposed dearth of ordinary fuels. Hydrogen fuel cells are said to be the way forward. Well if so what’s keeping it so long?
Will the oil industry try to discredit the technology or will they get in on the act and take the gas station monopoly and transfer it to a hydrogen station and electric charger point dynasty?
If so then the price we are paying now will be exactly the same as when the state-of-the-art technology comes in, apart from the incontrovertible fact there will often be an additional “green” charge put on top of that. Well if you suspect we are bad, folk in Britain are paying 3-4 times more than us for fuel. The tax levy of fuel in the UK is astronomical. Petrol as they call gasoline has about a 70% tax levy.
Pretty steep. The wages there are fairly low in some pieces of the country as well and food is just about double the price of America’s. As you can imagine it'd be a pretty tough place to live in you were on a lower income wage. Not to mention the absence of sun!
Remind me not to emigrate any time soon, that would be like jumping out of the time-honoured over taxed frying pan into an even bigger taxed red hot fire.
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