The issue not whether we will pay the higher prices instead the a question should be asked - will we as a nation allow greed to send us into a real recession. Last year when there were some bases for high crude prices (refinery mishaps /reduction in supply / Middle East problems, etc) the rise in prices was, while not welcome, at least understandable. We could at least see some rational reason for the escalating prices.That is not the case now. There is no shortage of gasoline, no shortage of crude, no market condition for these higher prices. Greedy speculators are driving up the price and thereby pushing us closer and closer to an economic disaster. One more major push can send us over the deep end. We must ask ourselves – do we step in and legally force controls to save the economy or do we stand back and allow the market to disintegrate.
My thoughts are clear – every now and then the people of a nation must put aside its differences to fight a common enemy. This is one of those times.