Want to guess which sector of the American economy has been hit hardest by increasing fuel prices? Nope, not the airlines. Nope, not the individual car owner. Nope, not even Nascar. The biggest hit has been felt by the trucking industry which is the heart and soul and blood circulation of American commerce.
How bad is it for truckers and trucking companies?
Last week the national diesel fuel price average, as tracked by the U.S. Department of Energy, was $4.497, up 16 cents from a week earlier and $1.15 or 34 percent higher than the Jan. 1 price
Nearly 1,000 trucking companies filed bankruptcy petitions in the first quarter, up 21 percent from 2007's first quarter.
The impact on the nation and the global economy has ramifications which are severe, permanent and wide ranging. 3/4s of consumables are moved to the consumers in America by trucks. How else are you going to get lobster to Kansas for instance? . As a consequence, then, of the increase in costs for the trucking industry, just about everything else will have an increase in price beyond what it would be just accounting for inflation. Go to the supermarket and you will already see this impact. Food prices are being hit by inflation, the artificial scarcity brought on by the shift of growing crops for food to growing crops for energy and the increased costs for the truckers to move food to the supermarket shelves.
Another place where the impact is felt is highway fatalities. There are regulations that truckers are supposed to follow as to how long a duration they can be out on the road driving and how long that they have to rest in between shifts. Already, under more normal economic conditions, these regulations were routinely stretched. What is happening now, though, is that less financially stable trucking companies are going bankrupt which means that more load is having to be handled by fewer companies and less truckers. And also the profit margin for the truckers is being cut into by the cost of diesel which is rising faster than the government surcharges can compensate them for. So, in a very direct way, the increased price of diesel is costing lives right here in the USA. This is in addition to the lost lives due to biodiesel worldwide because of the shift from growing crops for food to growing crops for energy. Those number in the 10s of millions dieing from starvation and is a hushed up holocaust happening right now.
The havoc caused by the Bush administration and the Federal Reserve policies over the last eight years is going to be with us for decades. If we want to maintain anything close to the lifestyle that we have enjoyed in previous years then we need to get creative on the grassroots level with real solutions disseminated in the fastest way possible, which right now is the internet.
One such solution is Water4Gas.
WATER4GAS is offering information for a nominal fee which car owners can use in their garage or wherever to put together a small device which instills hydrogen into the gas/air mixture that their car or truck runs on.
The process makes smaller particles out of the ones that the engine uses as fuel. So it gets to use much more of it.
With WATER4GAS you can reasonably expect to improve your gas performance by 30-50% or even more. Those goblets must have been pretty "blankin'" huge in some engines before. But with W4G they are made consumable so you can improve your gas performance.
It also helps make emissions substantially cleaner.
This information has been purchased by over 10s of thousands of individuals already and the percentage of happy customers is about 99%! So how about you?
Collapse Of American Economy
Many people are calling for a new energy bill to be passed through congress. This is because of the new growth in the demand of transportation coupled with increase gas prices. The United States domestic oil production is slowly decreasing which means that the American public must depend more and more on foreign oil supplies. These increasing oil prices have an adverse impact on the United State Economy including the stock market. It is essential that the United States develop a energy plan that allows for increasing transportation while helping the United States move away from dependence on foreign oil supplies.
In the past year the price of oil has increases substantially. Since last summer crude prices have increased a staggering 45% since the start of the new year. During that time a barrel of oil from West Texas reached an all time high of 45.04 on the New York stock exchanged. Even though the Organization of Petroleum Exporting Countries have also been increasing their production of crude oil. Earlier last year it was assumed that rising gas prices were because there was an increase in the world's demand for oil followed by political unrest in south American countries. However, gas prices have not only stayed high have continued to increase. There were also several Iraqi pipeline problems having to do with the kidnappings in the Middle East during late 2005.
In the previous campaign for president, Bush and Kerry went head to head discussing energy issues. Both are well aware that the ability to be secure in our oil and thus the nations energy supply is essential for the economy and for the stock market. We are in desperate need of a long term national energy that that will reduce our reliance on foreign oil. The nature of oil, and foreign affairs is so complex it is hard to develop a straightforward plan to resolve all problems while meeting each party's needs. Certainly, any instability in the parts of the world were the majority of our oil comes from is going to make gas prices rise. It has been suggested that instead of seeking new oil supplies perhaps we should seek out new technology to utilize renewable resources. Certainly, it would be exciting to be part of a something that is actually good for the planet, and encourage the healthy growth of companies which are looking out for the future of America.
Additionally, there are investment opportunities in alternative fuels. While these companies are still working on their technology and their companies are just beginning to prosper it is the perfect time to buy low and wait for them to develop. Soy beans, refurbished fast food vegetable oil, hybrid cars, and companies who are attempting to create more public transportation in cities where public transit is lacking are all great places to look for investments. Of course this would be part of a long term investment plan. However, knowing that you are having your country, the environment, and making money can more then make up for the slow profit trickle.
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