Tuesday, August 30, 2005

Windy

The wind is howling! How odd? I don’t remember seeing that in the forecast, but the forecast is rarely accurate when it comes to wind. I haven’t done much walking in the wind so I’m wondering how it will affect my performance this morning.

Speaking of wind, there has been a devastating hurricane in the Louisiana/Mississippi delta region. Hurricane Katrina was the name and it killed more than 60 people in buildings that it demolished. And the price of gasoline will rise even further as that area holds about 25% of US capacity for refining.

This price increase will generate even more “letters to the editor” from the outraged souls that are certain that there is a conspiracy involved in the higher fuel prices. The real enemy is ourselves of course. We use too much gasoline and in a free market, that means the law of supply and demand determines price. We now compete with China in our thirst for oil, so an increased demand for the same amount of fuel generates an increased price. All very basic. All the oil in Alaska won’t make a dent in what we demand for our everyday use.

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