Is any body surprised that the oil companies have posted record profits? Any excuse that prices at the pump are proportional to oil cost may now take a flying leap out the window. The business practices of these companies is clearly a case of price gouging; taking advantage of the limited supply and increased demand to disproportionately drive up prices.
Real blame, however, should fall on two places; the government and the citizenry. The government should have long ago realized the dangers of becoming so dependent on a commodity and yet oil remains a key component in energy production and transportation. Had the government crafted policy to reflect the advice of environmental scientists the ecological and economical impact of our current situation could have been avoided. America also has one of the worst public transit systems of any of the developed nations. This is largely due to the lobbying power of the automobile and oil producing companies who have long been responsible for the replacement of rail lines with roads to encourage consumption. If the government had structured tax incentives to encourage the purchasing of alternative energy or more fuel efficient vehicles as opposed to offering huge incentives to people buying SUVs the demand among the general population could have been curtailed.
The people, for their part, should not have to wait for government to take initiative (that’s one of the things our government is worst at). If people are so sick of paying so much for gas they should take it on themselves to buy alternative energy vehicles and demand better public transportation. They should hold elected officials to energy promises.
Personally, I would much father see my money at the pump going back into initiatives that help the environment and the energy situation. There are many countries that deter excessive fuel consumption by increasing taxes on fuel and automobiles; thereby keeping the people who use roads paying for them, making available funds to maintain and enhance the public transit system, and ensuring that the environmental impact of the auto industry can be kept in check. I’d much rather have the tax on gas raised to help public transportation than the public transit fares raised to support roads for for drivers.