Occupy Wall Street Should Take on Oil Companies, Not Just Banks
From the trap of high gas prices to energy costs triggering recession, the interconnections between our energy hungry society and its economic woes just keep cropping up recently. Elisa Wood over at Renewable Energy World has an interesting post on whether Occupy Wall Street is occupying the wrong street, arguing that the fossil fuel industries are at least as culpable as the banks in creating the mess we all face:
"In my two decades writing about energy, this is one of the most poignant facts I’ve run across: Oil price spikes preceded 10 of our 11 last recessions. This statistic portrays in a nutshell the grip that petroleum holds on us. Don’t get me wrong, I’m not letting the banks off the hook. But by focusing so much passion on the banks in casting blame for today’s economic downturn, is Occupy Wall Street letting a major culprit slink off unnoticed down the alley?"