Friday, May 30, 2008

What are peope doing today about rising gas prices?

France: Many returning to work after several weeks of action after government offers 100m euro aid package
Spain: Thousands taking part in Madrid protest
Italy: 5,000 expected to strike, emergency aid refused
Portugal: Indefinite strike from midnight (2300 GMT on Thursday)
Belgium: Dozens demonstrating in the capital Brussels

US: Nothing. We wouldn't want to make the poor oil companies cranky.

Fuel prices are now being speculated ever higher. The government needs to step in and stop that by making such speculation illegal. Also raising capital gains taxes on passed speculation should curb the current price freak. This will hurt some people but the majority will benefit. In a crisis the needs of the many out way the needs of the few.

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