Badger Blog Alliance

Sic Semper Tyrannis

Monday, June 09, 2008

Re: Gas, subsidized

Says Marcus, "Tee Bee, Nations ARE cutting back on subsidies."

And yet: "Unprecedented: National Average Gas Price Hits $4."

It was $4.55 in Chicago over the weekend.

We can argue about the mechanics, but the fact remains: gas prices only back off a fraction of the increases, and not for very long. Unless we step in to create our own resources, this will not change.