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in
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change from my crisp new $20 bill. It wasn’t fun.
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HAving been around awhile, living through four or five ditferent gas crunches since
it all began back
in late
1973, I
know that escalating prices at the pumps always put a damper of sorts on motorized recreation, especially boating. What really bends my prop, however, is that we haven’t yet figured out a good way to stabilize the production output and price of this extremely important commodity over the past 27 years. I’m not in favor of “Big Brother” regulating fuel prices or supply, but I would think that by now we (our government) would have come to the realization that a major portion of our economy (and energy supply) shouldn’t be dependent upon a loose confederation of foreign nations that can turn the flow of fuel on or off whenever it suits them.
Call me overly suspicious, but somehow I can’t help but think that much of this recent price hike at
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the gas pumps is coming from a few disgruntled U.S. oil companies that are still very peeved about the push to ban MTBE from reformulated gasoline here in the states. About seven or eight years ago, when the federal government decided that gasoline needed another oxygenating agent to help clean up air pollution, the chemical of choice was MTBE, a petroleum by-product that major oil refiners spent millions (maybe billions) of dollars installing new equipment to accommodate.
Today, however, we know a lot more about MTBE, and it’s mostly not good. Although it’s still considered a benefit to cleaner burning gasoline, it also has a very dark side: It’s a known pollutant that has contaminated countless drinking water and ground water resources all across the country. When this fact finally went public
in
early 1999,
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