LA Times: Letter to the editor
The following letter to the editor from CCL volunteer Danny Richter was published in the Los Angeles Times on March 14, 2011.
Cheap oil is not a right; it is a market distortion, and we should
focus on eliminating it. It has contributed to our indebtedness to China, military misadventures in the Middle East and an addiction that is changing the climate and acidifying the oceans.
Better instead to lock in today's high prices with a gas price floor. Once prices inevitably drop, we should return the difference between the price floor and the actual price of fuel to households evenly. This would help the unemployed cover the costs of driving to interviews, create greater price stability and encourage businesses to innovate in ways that would end our addiction.