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March 11, 2008 Click here to mail this page to a friend.
Ignoring Clint Eastwood's advice in "Dirty Harry" that opinions, like certain body parts, are best kept to yourself.

The Cost of Survival

Jim Itterly
Jim Itterly is a friend of mine, retired and living in Princeton, Minnesota. Jim is a student of economics, and I've always felt he knows what is going on. This is a copy of what he is sending the local newspaper for this week's "letters to the editor" page.


The Cost of Survival

We live in troubled times, all over the country people are losing their homes and being kicked out into the streets. Gas prices are at $3 dollars a gallon and going higher. The cost of diesel fuel needed by the trucking industry is driving the small operators out of business. The large corporate trucking industry simply pass on the cost of moving freight to the consumer, that's me and you. This is only one of the reason's that food prices are soring with no end in sight. And we better not talk about the out of control cost of health care.

Our government tells us that there is a crude oil shortage. We are led to believe that China and India are buying up all the oil on the open market. If this is true, then why have we done so little to develop other sources of clean renewable energy. The U.S government has provided tax breaks and start up funding for ethanol and biodiesel plants, but the results are not very favorable.

ScienceDaily (July 6, 2005 -- Turning plants such as corn, soybeans and sunflower into fuel uses much more energy than the resulting ethanol or biodiesel generates, according to a new Cornell University and University of California-Berkeley study.

ScienceDaily (April 1, 2005) -- Ethanol Production Consumes Six Units Of Energy To Produce Just One. UC Berkeley geo-engineering professor Tad W. Patzek thinks that's a very bad idea.

For two years, Patzek has analyzed the environmental ramifications of ethanol, a renewable fuel that many believe could significantly reduce our dependence on petroleum-based fossil fuels. According to Patzek though, ethanol may do more harm than good."In terms of renewable fuels, ethanol is the worst solution," Patzek says. "It has the highest energy cost with the least benefit.” Plus, is will create a shortage that will drive up food prices and will hurt the poorest people at home and around the world.

So now we know why eggs cost over $2 a dozen. A loaf of bread costs over $2. Flour prices have nearly doubled. Milk costs over $4.50 a gallon. Meat prices are soring along with every other consumable. In the last 2 years with energy and food prices soring it now takes an average of $2.25 dollars for same products that used to cost a dollar. Our economy is being destroyed, the value of the dollar is at an all time low and is dropping like a ton of bricks, again with no end in sight. This week president Bush in a press conference said, “ our economy is in a slowdown,” but we shouldn't worry, because his new stimulation package of $150 billion should help our struggling economy. (What a joke). Where are they getting this money?.

Our once great republic is broke. We are now the biggest debtor nation on the face of the earth.

Oh, I know how they will do it, they'll just start up the printing presses and print the money. And then they will lower the interest rates again and the dollar will continue it's free fall. Of course, the fall-out from these actions will excel the cost of energy, food and everything else that we consumers need to survive.

The only things that will continue to drop is the value of our homes, if you still have one. And if your lucky enough to have a savings account, the interest you earn on your money will also continue to drop.

Great. I know I sound like a doomsday freak, but if this is what it takes to wake some people up, then so be it.

Jim Itterly



I welcome responses, and will be glad to post them here. Email your remarks to ron@global-air.com

All great civilizations lasted approximately 300 years and after year 200 they started going downhill. Sadly, we have not learned from the mistakes of history past so we will be doomed to repeat them.

Anyone...ANYONE...who thinks that by simply changing the name on the placard on the desk of the oval office, regardless of that name, party, somehow will alleviate the problems that we must face head-on to right this ship, is deluding themselves to the nth degree. We are taking a perfectly good country and ruining it! What with all the political correctness and rule by minority going on it a wonder we've managed to survive this far.

Tom Dee - Denver, NY

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