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The purpose of this website is to provide consumers with information about existing and future options for paying for fuel to power their vehicles, homes and more.

While we do not endorse any of the products or alternative fuel sources featured on this site, we are open-minded and optimistic about the chances that one or more of these products and theories will eventually help eliminate our dependence on foreign oil, improve the environment and provide a cheaper alternative to existing fuel and energy power options.

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Posts Tagged ‘economic crisis’

How Helping the Automakers Can Help the Economy

Thursday, September 25th, 2008

It’s no secret.  We’re in a fuel crunch reminiscent of the 1970’s.  The difference is that since we didn’t do some of the things to follow up after the 70’s and 80’s, the crunch is bigger and there are many more cars and other vehicles involved.  To top that, since we are in the midst of just about the biggest financial crisis since the Great Depression, the fuel situation is simply one of the critical issues we are facing.

Lawmakers and automakers have begun talking about how working together might help everyone and everything out of the entire mess.  It is essential that since the country did not take the warnings of the 70’s and 80’s seriously and begin to make changes, the time to make those changes is now.

People cannot afford fuel at current prices.  In addition, the United States uses 25% of the world’s fuel, but only controls about 3%, not a good combination.  The environment is also being affected by fossil fuels and autoworkers are losing jobs because all of a sudden, there is no fuel for gas-guzzling SUV’s so nobody is buying.  It’s like dominos, or, as the President said recently, “a house of cards.”

What if the lawmakers in their power to help bail everybody else out – including other countries (even ones who have attacked this country) started really helping the automakers make the changes necessary to control the fuel crisis?  For instance, subsidies or tax incentives for producing hybrids and other cars that are more fuel efficient and do not depend on fossil fuels to run, could help failing automakers stay in business.  This help could also keep thousands of autoworkers from losing jobs and possibly create thousands of additional jobs, strengthening the economy.

At the other end of the spectrum, creating incentives and making it easier for individuals to get car loans with lower interest rates (without being careless or ridiculous), would help wean people out of their fossil fuel cars and into alternatives that would be good for the environment and the economy, as well as the fuel crisis.  Helping people convert cars to be able to use ethanol if possible could also be another way to approach the situation.

These are but a few small ideas from a few individuals among the millions who are hurting from the fuel crisis and the economic crisis we are all currently dealing with.  Maybe they would be workable ideas.  Maybe not.  But working together to save jobs, put money into the economy, find and use alternatives for fossil fuel and help the environment at the same time can’t be all bad.