A Tired Boy
May 27th, 2007 by
imagery
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It was a rather warm Spring day so we made our way to Rampart Reservoir. Jacob had fun throwing sticks and other things into the water |
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Jacob riding on Dad’s shoulders while walking around at the Territory Days Fair in Old Colorado City. |
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Each year, Old Colorado City hosts the Territory Days Fair. There’s a cool train that about 15 kids can ride, in which they each have their own car. Jacob absolutely loved it! |
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imagery Although there are many different things which contribute to high gasoline prices, the biggest reason for an increase in gasoline prices has to do with refining capacity. Even if oil were super cheap, we would still have a problem converting that oil into gasoline that fuels our economy which would keep gas prices high. When gasoline supplies are low due to an inability to refine oil into gasoline, prices increase. This is all part of supply and demand economics and it works well in that high prices curtail usage. If gas remained cheap despite how much was available, we may find gas stations hanging “out of fuel” signs on their pumps because consumers wouldn’t cut back on consumption. So high gas prices do serve a purpose; they deter consumption so that we don’t completely run out of fuel. But how high is too high? Is there such a thing? Is the refining industry artificially inflating gas prices by reducing their refining capacities so as to improve profit margins?
Posted in Green Power |
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