As if we didn’t already have enough reasons to start seriously exploring alternatives to oil, brokers in London gave us another on Monday when they pushed black gold to a record $86 per barrel, the Long Beach Press-Telegram reports.
In the run-up of the past two years, ever-increasing pump prices have been draining consumer and industry resources (minus the oil industry) at an almost unprecedented rate.
That’s because high gas prices don’t only make it more costly to drive to work, visit grandma or take a vacation, they drive up transportation, production and employee costs.
This, in turn, is reflected in price spikes at the supermarket, corner retail store, neighborhood restaurant and even on your monthly utility bill.
All this oil-generated market chaos makes what the ports of Long Beach and Los Angeles are engaged in right now that much more relevant and timely.
Flush with cash and eager to clean up the environment, port authorities are pouring tens of millions into the research, development and implementation of alternative fuels and energy options for the goods-movement industry.
