I see more and morepeople wandering around their yards these days searching. Why are they searching? Simple, they are looking for the income they lost during the last four years!
Fact – most so-called middle class citizens in the US lost between 3.9% and 5% of their income during the past years. Why is this? It is not always due to taking a lesser paying job. Its more due to the fact that our money is worth less than it was four years and the cost of items we must purchase – energy, good and medical services have increased at a rate greater than the rate of inflation.
What is the biggest culprit? ENERGY. In this country, we have set ourselves up as “burb-dwellers”. We started moving out of the inner-city decades ago and have continued our migration to the outer suburbs – even the country where many folks have to commute over one hundred miles each day to get to and from work. This all made sense in the day when gas was 30 cents a gallon. As the cost of gas kept rising, the commute to work became more expense, but in the 70s and 80s and even the 90s, our incomes kept pace with the rising cost of energy, so it didn’t matter.
Fast forward to 2008 when the so-called “great recession” started to rear up. Some still believe that “great recession” was nothing more than a controlled depression with government stepping in and incurring even greater debt by throwing bail-out money all over the place. What government really did is postpone the pain of the final (and HUGE) bill becoming due and payable. Beware – that day will come!
Getting back to my initial point ENERGY. A lot of so-called experts will tell you the banking fiasco caused this economic mess. Forcing banks to loan mortgage money to people who shouldn’t qualify – the sub-prime foasco, you know the mumbo-jumbo! I believe the real culprit is and has been the cost of energy – mainly gas at the pump. Our real loss of net income has been the ever-increasing and unregulated price of energy to heat and cool our homes, gas for the car(s) – you get the point!
Ever wonder why our political pundits will never do anything to regulate the cost of oil? Its because government is part of the problem, NOT the solution. They have a lot at stake and a lot to risk by clamping down on the PRICE of gas. About as far as they are willing to go is propose more drilling for oil, which they theorize will being down the cost of gas with increased supply. WRONG. Increasing supply has already proven NOT to be effective in driving down the price of gas at the pump. All the oil companies – some would call them PETRO-BANDITS do is reduce the supply through decreased refining and walla – up goes the price again.
The real solution is to treat oil companies in the same manner your state governments treat utilities. Every time the phone, electric and gas companies want a rate increase, they have to pitch their needs to a PSC (public service commission), or PUC (public utilities commission) and JUSTIFY that rate increase. Sometimes they get it, sometimes they don’t
So, as much as I hate governmental control of anything, certain industries simply can’t be left to the whims of a so-called competetive, free-enterprise system. I suggest we demand our legislators to several things by force of law:
(1) Create a price board which will review all price increases sought by oil companies
(2) Roll back the price of a barrel of oil to – lets say $35-40.00. That should be enough to reduce the cost of gas to around $1.20 a gallon – a huge economic boost!
(3) Outlaw the exportation of both crude and refined oil products to other countries until our economy stabilized and we are guaranteed a continuous supply of reasonable priced oil.
(4) If the oil companies don’t want to play ball – NATIONALIZE THEM.
Think about these facts and maybe we can start to demand of our federal legislators a fair deal for all of us again. Its time we take the power away from the PETRO-BANDITS and provide a stable economic structure for America. Demand those running for office provide us with their SPECIFIC plans to control oil prices!