March 14, 2012
Yet Another Energy Crisis We Must Face
Marita Noon, Energy Tribune
While we are all squawking about high gasoline prices, there is an energy misdirection going on.
Sabre rattling by Iran has security specialists sitting on the edge of their seats and speculators seeing the resulting reduced-fuel future. Short of a quick military strike that would squelch Iran’s threats, there is little that America can do to stem the rise of the global commodity costs—though history tells us an announcement of increased drilling in the US would have a positive impact.
While we are all looking at gas prices, there is another dramatic energy price increase going on that is totally optional; one that is within the President’s power to completely reverse.
TAGGED: gas prices, electricity prices