I feel like a curmudgeon... but I can recall being sixteen, pulling into a gas station with my beat-up ride, and filling my tank for $15.00. The price for one U.S. Gallon of gasoline was 96 Cents.
This was short-lived though, as soon, prices surpassed the dollar mark. Climbing steadily to around 2 bucks just in time for Y2K. However, times were good... The Dow was up, DotComs were booming, and we couldn't buy Suburbans and Hummers fast enough.
Today, gas prices have climbed to nearly 4 American Dollars per gallon. This rising cost of oil is affecting much more than our commute to work. Heating oil costs are nearly on par with gasoline prices, and although we are experiencing an unusually mild winter, the average cost of heating a home continues to rise.
It extends even further too... There are secondary and tertiary effects to the rising cost of energy. Most electricity is still produced from fossil fuels, and most commerce relies on various oil based fuels for transportation. Groceries, raw materials, and all other consumer goods have seen sharp price increases due to this inflation.
This increase is not temporary. In fact, it will likely get much worse before it gets better. Just ask Dennis, Mac, and Charlie:
We do overlook one thing... As Americans we have taken oil prices for granted. When compared to the rest of the world, we pay far less than most other industrialized nations.
So WBOB-Land... tell me what you think. How do we proceed from here? Do we just grin and bear it? raise hell? fight more Middle Eastern wars and take their fuel?