WASHINGTON — “Climate change is occurring, is very likely caused by human activities, and poses significant risks for a broad range of human and natural systems.”
So says the National Research Council of the National Academy of Sciences, the country’s preeminent institution chartered to provide scientific advice to lawmakers.
In its report, “America’s Climate Choices,” a panel of scientific and policy experts also concludes that the risks of inaction far outweigh the risks or disadvantages of action.
The most sensible and urgently needed action, the panel says, is to put a rising price on carbon emissions, by means of a tax or cap-and-trade system.
In southern Ontario, it’s Cdn$1.30 per litre (works out to approx U.S.$4.80 per gallon).
P.S.: http://sppiblog.org/news/gas-tanks-are-draining-family-budgets#more-5062
That’s not what the fragile economy needs at this point.
Exactly … cheap energy is the road to prosperity … or in this case, recovery.
in april 2001 crude oil (Brent) was 25,55 US Dollars , Gold was 260,48 US Dollars 1 Ounce. That means 1 ounce gold = 10,19 Barrels crude oil.
in may 2011 crude oil 114,98 US Dollars, Gold 1536.90 US Dollars.
1 ounce gold = 13,36 Barrels crude oil.
Crude oil is getting cheaper.
Printing more dollars to pay the US debt is the problem.
While printing US dollars is a problem, your reasoning is flawed. The reason gold has gone way up is due to the fact that investors are sinking money into gold because it is a hard asset. What you should be doing is comparing the price of crude to the rise in inflation.