The wildcat strike passed, and the wedding went off without a hitch. But the independent truckers’ protest — and subsequent efforts by Spanish farmers to block roadways in protest — bear testament to the pain inflicted by diesel fuel prices that have passed $8 a gallon and continue to climb. Gasoline prices in Europe are even higher, roughly 1.5 euros per liter for regular in the French countryside last month or about $8.50 a gallon. But petrol, as it's called, has always cost a lot more in Europe, in large part because of much higher taxes at the pump. That’s right, $8 a gallon. More >>>
The Cayman Institute is an apolitical, privately funded, non profit organization established to consider the long term effects and implications of diverse technological, sociological, economical and cultural issues to the Cayman Islands. Its members work on a voluntary basis and offer strategic plans for consideration to guide the delivery of nearer term projects, so as not to jeopardize the future of the islands' infrastructure, financial and human resources.
Monday, July 14, 2008
Energy-Addicted US Can Learn a Lot From Europe
The wildcat strike passed, and the wedding went off without a hitch. But the independent truckers’ protest — and subsequent efforts by Spanish farmers to block roadways in protest — bear testament to the pain inflicted by diesel fuel prices that have passed $8 a gallon and continue to climb. Gasoline prices in Europe are even higher, roughly 1.5 euros per liter for regular in the French countryside last month or about $8.50 a gallon. But petrol, as it's called, has always cost a lot more in Europe, in large part because of much higher taxes at the pump. That’s right, $8 a gallon. More >>>