Saturday, February 23, 2013

Gas Prices were supposed to go down. What happened?

Have you seen the prices at the gas pump in last month? Gone up by more than 20 cents in Rochester NY and in most other places. The projections were that it will continue to go down over the year since we have developed more domestic resources and  the demand is down.

What went wrong?

Middle East and some concerns for their impact on oil supply interruption could be reason. Iran defies the world and Syria has a civil war. Korea wants to build more missile launching capability and Palestinian crisis remains unsolved. So how can we get out of this dependence on importing oil from such places which is affected by what happens in these countries?

We are lucky to have Oil and Gas resources of our own and we have the technology to invent smart solutions for transforming how we use energy.
We should go full blast with developing our own petroleum resources now so we can Stop importing oil from foreign countries. As a condition for developing these resources by drilling for oil and natural gases we should impose an " energy Independence " Tax on developers to invest in renewable energy technology. These dedicated funds should be protected and be only used for renewable energy grants, tax incentives, and creation of low interest revolving loan funds.

Imagine our hybrid cars giving 50 miles per gallon, all of our homes using LED lights, Wind mills installed away from the shores to avoid visibility, solar PV  farms powering our communities.. this dream can come true in 10 years.

We need our National leaders to decide to act and take advantage of our natural resources to enable our Energy Independence. Write to them and ask to do what is right for our economy and global environment.

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