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This rant is from the multiple political ideologies that live inside my head. They need a place to come out and play. (In a politically offensive way) Entry into this space is not advised!
Saturday, April 08, 2006
For those of you who haven't noticed, gas is getting kind of expensive.
Polkatz has an interesting graph about W's approval rating and how they seem to inversely follow gas prices.
There's a lot going on to influence the increase in gas prices, besides the obvious supply and demand.
US refinery production has not totally recovered from last years hurricances. While at the same time some petroleum exporters have not been able to maintain output. (xls warning)
On top of that, we have the spring refinery maintenance and the government is mandating a switch away from the petroleum additive MTBE and towards ethanol.
Not that anyone cares about why gas is going up. They just want it to go back down. There is an interesting article over on energy bulleting called “Apocalypse, not ”. About what will happen when oil peaks. It's and interesting perspective, but I think he misses a critical point. Namely, that while most of the middle class can afford 5 dollar gas and its side effects, the poor can't.
