The US Addiction to Oil

March 12, 2011
By Baumgartner Law Firm on March 12, 2011 11:04 AM |

There are a number of interesting things going on in the world of cars and trucks. For the purposes of this blog we will simply offer a recap of what's relevant and interesting.

No doubt higher gas prices are here to stay. 'They've' been threatening it for years and all of the signs have aligned to allow for what can pass as legitimate excuses to raise the prices at the pump. After all, there's unrest across all of the Middle East and besides, the economy has held in inflation for as long as possible so look out.

Therefore, if there ever was a time to consider buying a vehicle that gets good gas mileage there's no time like the present and according to one news source there are a variety of quality vehicles that offer the consumer up to 40 miles to a gallon - and all for a fair cost. If you're in the market for a new vehicle give this some serious consideration.

Other 'oil' news? Well, two things of note - in some remote areas of Alaska gasoline is supposedly ten dollars a gallon and there is talk that our US leaders will consider dipping into our own oil reserves to help temper the rising costs of oil. They do that mainly when they feel the price of oil is artificially high and they can later replace the oil at a lower cost. In other words in speculation driven markets.

Now, one more story of interest. Our current president predicted a revolution in the automobile industry - suggesting that there might be up to a million electric vehicles on the road within the next few years.

It appears this declaration will fall far short - but it is helpful to recognize that presidents for the last 25 years have all denounced our "addiction to oil" but none have done anything meaningful to move us in a new direction.

Greg Baumgartner is a Texas 18 wheeler accident attorney and the founder of the Baumgartner law firm, which is dedicated to helping personal injury victims seek civil justice. If you would like to speak with a semi truck accident lawyer call the Baumgartner firm.