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June 22, 2007 at 13:37:14

The High Price of Gasoline

by Lawrence R. Velvel Page 2 of 2 page(s)

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Sincerely yours,

Lawrence R. Velvel, Dean

Massachusetts School of Law

____________________________

* This posting represents the personal views of Lawrence R. Velvel. If you wish to comment on the post, on the general topic of the post, or on the comments of others, you can, if you wish, post your comment on my website, VelvelOnNationalAffairs.com. All comments, of course, represent the views of their writers, not the views of Lawrence R. Velvel or of the Massachusetts School of Law. If you wish your comment to remain private, you can email me at Velvel@mslaw.edu.

VelvelOnNationalAffairs is now available as a podcast. To subscribe please visit VelvelOnNationalAffairs.com, and click on the link on the top left corner of the page. The podcasts can also be found on iTunes or at www.lrvelvel.libsyn.com

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http://velvelonnationalaffairs.com/

Lawrence R. Velvel is the Dean of the Massachusetts School of Law, which educates the working class, mid-life people, minorities and immigrants. He is the editor of a journal called The Long Term View, hosts an hour-long TV book show called Books of Our Time, which appears in the New England and Mid-Atlantic states on Comcast's CN8 and is streamed on the internet, and hosts a radio program called What The Media Doesn’t Tell You. The radio program, which is carried on World Radio Network and is streamed on the internet, discusses important matters which the media doesn’t disclose (or insufficiently discloses) and the reasons for the nondisclosure.

Velvel wrote a 1970 book on the constitutionality of the Viet Nam War and civil disobedience, and a recent quartet called Thine Alabaster Cities Gleam, comprised of: Misfit In America; Trail of Tears; The Hopes and Fears of Future Years: Loss and Creation; and The Hopes and Fears of Future Years: Defeat and Victory.

Velvel blogs at velvelonnationalaffairs.com. His 2004 and 2005 posts have been published in Blogs From the Liberal Standpoint: 2004-2005.

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1 comments

Middle aged guy.
Alessandro MachiMiddle aged guy.

I'll bang the drum for higher gasoline profits...

As I understand it, the point of your editorial is that by leaving out a key reason for the rise in gasoline prices, the program you mentioned did not do a fair and accurate job of representing the topic, and yes, I agree with you. But if the program did not also address that higher gasoline prices lead to higher oil profits which if handled correctly could accelerate a real alternative energy program, that would have been an even bigger imbroglio.

It's imperative that gasoline prices remain high enough that alternative energies receive increased funding from oil profits. Yes, there is a relationship between the price of gasoline, oil profits that are generated, and the urgency with which we pursue other energy alternatives. Unfortunately, not regulating how oil profits are spent is creating a tasmanian cycle of oil overconsumption because we don't encourage oil profits being reinvested in alternative energy research and development.

It seems to me that you are saying that price fixing was the most important point that the program missed. If the program made no mention of alternative energy funding getting a boost from higher gasoline prices leading to higher profits, which could then lead to tax incentives to invest in alternative energies, then that would have been an even bigger miss by the program.

I've come to the conclusion that the overall zen issue as it relates to oil profits is.... OIL PROFITS CANNOT BE REINVESTED ON OIL DEPENDENT GOODS & SERVICES! If tax incentives could be initiated to encourage the redirecting of oil profits towards alternative energy research and development, then we could actually make a dent in the future of the world's ever increasing energy needs.

Lower Gasoline prices will cause overconsumption as gas guzzling vehicles will continue to be made and sold. Higher gasoline prices cause huge profit taking by the usual suspects. But higher gasoline prices that create larger profits that go towards research and development of alternative energy resources will do more for keeping the United States out of future wars than petitioning to end the War in Iraq ever will.

by Alessandro Machi (13 articles, 0 quicklinks, 1 diaries, 174 comments) on Friday, June 22, 2007 at 3:43:21 PM

1 comments

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