Mark Tomlinson

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Thursday, April 13, 2006

FORTUNE: Plugged In: Who's to blame for high gas prices? - Apr. 13, 2006

FORTUNE: Plugged In: Who's to blame for high gas prices? - Apr. 13, 2006: "The idea that prices are set by Big Oil, not the traders at the NYMEX and other global bourses, is a misconception that seems to come into vogue whenever energy prices start making new highs. And putting the blame on OPEC, let alone trying to subject a foreign cartel to U.S. laws, seems to be doing anything but dealing honestly with the problem of too much demand and too little supply here at home."

...but it is so much fun to do! Blaming the big guy has become a national pastime.

I guess the saddest part is that we (the public) have known since the 70's that we needed (and could) build much more fuel efficient cars. Yet, here we are 30 years later and not much further advanced than we were then. It has become even more technologically feasible to do and yet we do it as little as possible.