Paying less for gasoline these days? If only. Most Americans are paying more. Why? After all, when President Obama ordered the release of 30 million barrels of oil from the Strategic Petroleum Reserve (SPR) on June 24, White House spokesman Jay Carney pointed out that demand usually rises in the summer. The hope, clearly, was that releasing the extra oil would cause prices to drop or at least level off.
At the same time we are learning that global warming is far from an environmental crisis, we are also learning that ill-advised efforts to address it would make us noticeably poorer.