I see that the EXXON MOBIL just posted a net income in the first quarter of $8.4 billion. There is nothing like making a ton of money while the rest of the world is dieing under increasing gasoline prices.
Talk about a single industry having a tremendous impact on the world’s entire population. With each price increase, everyone that uses their car for work just got a reduction in their net income. Companies are dropping free pizza delivery. Airline tickets are going up and the airline companies are still bordering on bankruptcy. All related product and service prices that depend on petroleum are surging. I am just glad that I don’t need much air-conditioning and no heat.
The impact on the US and higher economy countries is one thing, but the impact on much of the population of a country such as Panama is unbelievable. People that used to drive now walk or take a cab or bus. Independent cab drivers work longer for less.
My electric bill hit $90 last month. The electricity rate has definitely increased. I may need to start turning my PC off more of the time. My not having a PC is really going to be serious.
If there was ever a wake-up call to crusade for alternate energy sources, I believe the call has gone out. I remember the days when I was in high school, putting in a dollar of gas and cruising the drive-ins for three hours, just like in American Graffiti. If you put in a dollar of gas now, you barely get 1/3 of a gallon of gas. Just think, American Graffiti would never have been filmed if they only had 1/3 of a gallon of gas in their tanks.
People on fixed income are the ones that are really hurt. Hurt – many may be killed. I can imagine that many people will die in the US this coming summer because they can’t afford to run an air-conditioner or even fans and next winter because they can’t afford the fuel for their furnace.
Look if we could figure out how to put a man on the moon when we did, we can solve this problem. I don’t believe that affordable alternate energy is really a technical problem. It just isn’t the best interest of companies like EXXON MOBIL.