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The Hawk's Nest: What do do about Gas?

Friday, September 02, 2005

What do do about Gas?

This week is certainly not like last. New Orleans is gone and gas is $3.25 a gallon and moving up. The Feds made positive moves Thursday and Friday releasing crude from the reserve and accepting foreign help, but more needs to be done.

The oil companies have collected record profits this year and in my opinion they need to do a couple of things:

  1. Fix the price of gas until January at $2.50 a gallon nation wide either voluntarily or by Presidential decree and then remove the EPA restrictions.
  2. Begin building new refineries or reactivate refineries that have been mothballed.
  3. Open the Alaska reserves for drilling
  4. Open the restrictions for coastal drilling in California and the gulf.
  5. Force the release of the hybrid vehicles on the drawing board including the vehicles which run on hydrogen.

Some will help immediately and others will help in a year or two. All will certainly ease the burden. Regardless, the days of .99 Cent gas is over forever.

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