Why Are Fuel Bills So High?

By Maurice Riley


I am just looking through some brochures about wood burning stoves and contemplating the huge price hikes in oil, gas and coal. All of the prerequisites basically of powering our vehicles and warming up our homes have as everyone knows went thru the roof.

The oil barrens put up the cost of oil when there is a economic crisis. Then when there is a boom they put it up again as one says the demand is too high. What gives and who's truly controlling this monopoly that eats away huge pieces of the average household's bills.

Haven't we received enough oil reserves here in the U.S. ? Why will we need to import so much black gold? Scientist's are the motor industry and rapidly chasing new technologies to deal with balance the supposed dearth of ordinary fuels. Hydrogen fuel cells are said to be the way forward. Well if so what's keeping it so long?

Will the oil industry attempt to discredit the technology or are they likely to get in on the act and take the gas station monopoly and transfer it to a hydrogen station and electrical charger point dynasty?

If so then the price we are paying now will be exactly the same as when the new technology comes in, apart from the incontrovertible fact there will most likely be an additional "green" charge put on top of that. Well if you believe we are bad, people in The United Kingdom are paying 3-4 times more than us for fuel. The tax levy of fuel in the Uk is astronomical. Petrol as they call gasoline has about a 70% tax levy.

Pretty steep. The salary there are rather low in some bits of the country as well and food is almost double the cost of America's. As you can imagine it would be a pretty hard place to live in you were on a lower revenue wage. Not to mention the lack of sunlight!

Remind me not to emigrate any time soon, that would be like jumping out of the time-honoured over taxed frying pan into an even bigger taxed red hot fire.




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