My thoughts on…the recent oil crisis
May 2nd 2006 -
Just when you thought it was safe to go to the pump. Gas prices are up again, and motorists are not happy. Yankee media is abuzz with news, commentaries and interviews about the crisis. Americans are wondering what they can do about the crisis, and blaming Bush for not doing enough. Is there anything Bush hasn’t gotten blamed for? They probably blame him for the Holocaust too. Probably the only ones not complaining about the crisis is big oil, which is making some hefty profits. In fact, Exxon Mobil’s profits have tripled and its stocks are up little over 1%. Automakers are trying to profit from the panic, as Toyota is flooding the airwaves with ads for its hybrid and fuel-efficient vehicles.
Out here in Jamaica the pinch isn’t really being felt. Despite this, PM Portia Simpson-Miller has cut a deal with the Trinidadians to sell us oil at cheaper prices. And there is an experiment being undertaken by Petrojam to blend ethanol with gasoline. If successful, it should be implemented by 2007 and cut Jamaica’s oil bill by US$35-40 million, in addition to preserving the environment. Funny, people usually have to protest or block roads in order for Government to do something. Maybe Jamaican leadership does need a feminine touch. Me, I drive a “legs-us”, so the crisis doesn’t really affect me. I’m kinda glad that oil prices are going up. After all, oil is a finite resource, and should be finished in about 25 or so years (unless new sources are found). So we’ll have to embrace green energy sooner or later, and this is just the kick in the rear that people need to do it.
Kaschief Says:
May 2nd, 2006 at 3:20 pm
Speaking of crisis.. are your exams over yet?
Abeni Says:
May 2nd, 2006 at 4:01 pm
I dread hearing the new price of gas.
Leon Says:
May 2nd, 2006 at 4:21 pm
My exams will be over tommorrow afternoon. Wish me luck!
Steve Says:
May 2nd, 2006 at 9:28 pm
I don’t mind the higher price of gas. It reduces traffic overall. It encourages people to look for alternative means of getting around, and if the government actually encourages research into alternative energy sources instead of trying to control the price of gasoline, then people will rely less on oil in the long run.
Kaschief Says:
May 2nd, 2006 at 11:33 pm
Good Luck!!!
Oh wait, I need to take back one of those exclamation signs. I need some luck myself. My first exam is two weeks from today. Oh shoot!
Useless Man Says:
May 3rd, 2006 at 4:53 pm
Man, If gave them my first born, I wouldn’t need this damn van!
Two birds, one stone, I say…