SalemNews.com, Salem, MA

Opinion

February 26, 2013

Column: Keystone considerations

(Continued)

Yet, with all this abundance, the supply-and-demand cornerstone of the capitalist model doesn’t seem to be working correctly. A 1-cent increase in the price of a gallon of gasoline represents an $800 million revenue stream for the purveyor. In the past month, the price of a gallon of gas at the station has gone up 50 cents, and we’re told by the media that there’s no end in sight.

The economies in Europe and Asia are still contracting, and demand for crude is low there. The United States economy is still extremely fragile, and people are using less energy. It’s not even remotely a mystery that the U.S. public is being gouged for the price of a commodity that severely impacts the health and well-being of the American economy and way of life.

What is going on down in Washington, D.C.?

---

Joseph F. Doyle is a freelance writer living in Salem.

Text Only | Photo Reprints
Opinion

AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
Comments Tracker
Roll Call
Helium debate
Helium