Saturday, July 12, 2008
Why Gas Prices Rise?
Well the biggest reason is the demand of countries such as China and India. China for instance is adding about 20,000 cars to the road per day. Yeah thats about 9 million a year. Turns out that is a lot of needed oil. The supply is not changing and more people want it. Unfortunately this never gets talked about. Instead it is Bush's fault and that is really getting old.
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I don't think you can blame Bush for the increasing oil costs, but I DO think that a leader with more vision would have seen this coming (like you said, the facts of increasing global demand and steady supply are pretty damn obvious) and made some types of efforts to reduce the impact it would have on the economy and the typical american's lifestyle. Honestly if he had started building new nuclear power plants and encouraging electric cars at the beginning of his first term, I bet they'd be more popular and cheaper than hybrids right now.
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