Tuesday, March 4, 2008

Price of Gas

As the price of gas at the pump continues to rise, we hear reports that OPEC is not going to increase production.

This is a clear indication that the price will surely not be dropping.

Is $4 a gallon the tipping point, where people, private business and the government will start to take more serious action to implement solutions that will make a lasting effort.

After attending the JPL seminar on the energy crises I am more convinced than ever that action needs to be taken.

We need disruptive technologies which will make the oil and energy companies more responsive to the demands by consumers.

The reality is that the price of energy in this country is still very low compared to other countries. Until the price reaches higher levels we may not see action. It is the sad truth. If we are in our comfort zone why change?

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