The cost of oil two years ago
Today, we happened upon an old issue of the Boston Globe dated exactly two years ago–March 9, 2006. In it, an article reported that oil prices at that time were $60.02 a barrel. According to Bloomberg News, March of this year saw a record high in the cost of oil at $106.54 a barrel. Bloomberg goes on to quote an analyst’s assessment: “At some point the fundamental news, either rising inventories or falling demand, will be so stark that prices will have to drop.” Maybe the prices will drop, maybe not. Regardless, something that absolutely must change is our reluctant attitude toward conservation and our limited commitment to renewable energy sources. Like you, I feel it at the pump and each month when I have to pay rising utility bills, but there is something we can do about it. Rather than simply complaining, be part of the solution by finding out about local recycling and conservation opportunities, pushing for more government leadership in these areas, and of course, voting for candidates who are committed to addressing environmental concerns.