Well, I thought that today we could focus on the price of oil, which has been down considerably in recent weeks. Oil had been trading in the $40-50 range, but now is moving higher. The market is reacting to expected cuts in production. Speculators must be having a field day with this.
What is the United States to do about this? Can The U.S. do anything? Calling for improved economy standards is one possibility, but that takes time and action may be required sooner rather than later.
This brings us to Today's thought challenge:
Should the United States ration gasoline?
It has been done before. If you have personal experiences with this please share them. My experience with this was pretty limited as I was quite young at the time.
Monday, December 15, 2008
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