Letter to the editor:

Relief at pump won’t solve energy crisis

Joe Kang, Las Vegas

Tue, Oct 14, 2008 (2:02 a.m.)

The recent credit crunch has taken gas prices from $145 a barrel in July down to $80 a barrel in a recent market close. The significant 45 percent drop has eased prices at the pump, but this is only temporary relief from the energy crisis and not a solution to our foreign oil dependence.

The problem is that gas prices are controlled by the market’s supply and demand, and the price per barrel can rise again once the economy stabilizes.

If we want to be less dependent on foreign oil, we must invest in and research clean, renewable alternative energy.

We must learn from experience and remember that paying $4 to $5, perhaps $6 a gallon for gas is a significant financial strain in this tough economy.

To control fuel prices in the United States, we can tap into our crude oil resources, but this is just a temporary solution to soaring gas prices, and we cannot rely on it. Saving our resources for the future should be our priority. This way we can pass on the invaluable resources to our children and to future generations.

To save our resources, we must develop new clean energy ventures. If we do not find alternative energy to alleviate our dependence on foreign oil, we will be faced with another soaring oil price crisis.

Once we are in another energy price crisis, we will face heavy financial strain. Growth in new clean energy ventures will help prevent another oil price crisis.

Discussion: 3 comments so far…

By Tokoloshe

10/14/08 at 7:08 a.m.

Suggest removal

I say lets not worry about it until they are back to 4 bucks again.
Thats the way we have always met problems.
By neiman1

10/14/08 at 7:43 a.m.

Suggest removal

The economic downturn and the housing crisis are directly tied to the cost of energy. When gas went from $2 to $4 a gallon residents could no longer make the house payments. Down came the house of cards. We need American resources for American jobs. Tell harry Reid to quit taking orders out of San Fransisco and start representing us.

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By KDR81

10/14/08 at 9:21 a.m.

Suggest removal

No, supply and demand took prices down. There is always more demand during peak travel times, especially summer.

Growth in clean energy won't be cheaper than oil. We will have to divert taxes toward subsidizing them so the same, if not more capital will be spent developing them rather than on consumable goods which can improve our lives.