Gas prices are beginning to come down, but for many people prices are not falling fast enough.
The pain caused by high gas prices is spread widely, but it is felt intensely on the working poor and the unemployed who are trying to find a job.
Gas prices are beginning to come down, but for many people prices are not falling fast enough.
The pain caused by high gas prices is spread widely, but it is felt intensely on the working poor and the unemployed who are trying to find a job.
In an article appearing on EWTN News, Acton Director of Research, Samuel Gregg, is interviewed on rising food prices and the effect on the developing world. In this article, Dr. Gregg contributed to a broad discussion on the many factors contributing to the rising food prices.
The blame game in Washington is heating up on skyrocketing gas prices. Republicans are criticized as being in the back pocket of the oil industry and partaking in crony capitalism. The Democrat Congressional Campaign Committee is even cashing in by hosting a fundraiser that is based on what has been the House Republicans “decade long relationship of protecting Big Oil taxpayer giveaways, speculations and price gouging…” However blame is also placed on Democrats, with accusations of placing barriers to prohibit domestic drilling. The debate has also centered around how we can be better environmental stewards. We may find ourselves asking questions such as whether green energy promotes environmental stewardship, and if oil drilling results in a dramatic harm to the environment?
Now meeting the goal of cutting our dependence depends largely on two things: first, finding and producing more oil at home; second, reducing our overall dependence on oil with cleaner alternative fuels and greater efficiency. This begins by continuing to increase America’s oil supply.
These were the words spoken by President Obama on March 30 in an address he gave at Georgetown University on America’s energy security. The president also stated in the same speech that “one big area of concern has been the cost and security of our energy,” and “ … our best opportunities to enhance our energy security can be found in our own backyard … ”
Last summer I wrote a commentary titled “Spiritual Labor and the Big Spill.” I made the point that ultimately the kind of spiritual labor that goes on in the Gulf is invaluable. The work done by the fishermen and those working in some other industries along the Gulf is nothing short of a cultural heritage. It is the kind of work that is more than a paycheck and is a superb example of the value of work. I also highlighted the resiliency of the people who work the waters along the Gulf Coast. This from Garden & Gun magazine, taking a look back at the oil spill from one year ago:
Read more on A Look Back at ‘Spiritual Labor and the Big Spill’…
My commentary this week focuses on the how the rise in prices at the pump is impacting the poor. Currently, in many areas of the country a gallon of gas is now priced over $4. I also argue that we need a more coherent energy policy coming from leaders in Washington. Part of the argument against drilling in ANWR (Arctic Refuge) over a decade ago was that the oil wouldn’t hit the market for 10 years. That’s a very shortsighted way of thinking about meeting our energy needs. We need leaders in Washington to work for us not against us.
Read more on Acton Commentary: High Gas Prices Devastating to Poor…
Last week President Obama gave an address outlining his new energy policy. In light of the tragic events in Japan, the speech was much anticipated especially considering the president’s prior commitment to nuclear energy.
My commentary this week touches on the spiritual and cultural significance of the largest U.S. oil spill in history. I was a resident of the Mississippi Gulf Coast for 11 and a half years. I worked in the Gulfport district office of U.S. Congressman Gene Taylor (D-Miss) before leaving for seminary. I was a Katrina evacuee and returned to see unbelievable decimation. It reminded me of the pictures of Hiroshima in textbooks after the dropping of the nuclear bomb. I always think it is fascinating when I hear people observe the Gulf Coast on the news after a tragedy and say how the people should just move. I wonder where they would go when the water is such an integral part of their subsistence and heritage? The people on the Gulf have much more culturally in common with individuals on the Gulf in neighboring states than they do with those living inland in their own state. Louisiana, especially, has one one of the most uniquely diverse cultures in this country. A key theme in my piece is that BP can compensate them economically, but there is an important cultural and spiritual aspect to their labor that is above financial compensation. The text of my piece is also printed below:
Here’s OpenMarket:
Plain and simple economics — not the alleged machinations of Big Oil or Congress’s unwillingness to put a price on carbon – explains why America remains dependent on petroleum.
We are still not beyond petroleum. In fact, we’re quite a ways away.
When it comes to energy policy, there is no perfect fuel. But in these debates, as elsewhere, the imaginary perfect fuel cannot become the enemy of the good.
And for the first time in recent memory, this means that nuclear energy, by all accounts a good alternative for the scale of demand we face, might be getting a seat at the table. Coal, which still provides more than half of the energy for the American grid, is cheap and plentiful, but environmentally and politically costly. And according to Popular Mechanics, it can only be “cleaned” up so much. That leaves a huge gap for other sources to fill.