Wednesday, May 10, 2006
Let's calm down, everyone.
The predicament in which we find ourselves is of our own making. Over 30 years ago, in 1973-74, we hit our first snag with gasoline availability. It happened again in 1979. If we, as a nation, haven't acted on the red flags, is it really anyone's fault but our own?
There is plenty of insightful analysis available if anyone cares to read it. Records of what "Big Oil" pays in taxes are readily available.
And as the Business Week graph shows, there are several other industries more worthy of our wrath if profits and price increases are the target of our consumer outrage.