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5/28/08

Time Magazine: Think Gas is High in US? Try Europe - by Bruce Crumley

For the complete report from TIME click on this link

Think Gas is High in US? Try Europe - by Bruce Crumley

American motorists are understandably grumbling over skyrocketing gas prices as the summer travel season approaches. But their pain hardly registers against the rage afoot in Europe these days. Fishermen, truck drivers and farmers are threatening to bring entire economic sectors to a halt with protests against crippling fuel costs. The wave of angry action is expected to spread further across Europe in coming days, despite efforts by political leaders to feel the pain and figure out how to alleviate it.

Note EU-Digest: Even though a EURO is worth more than $1.55 dollars, gas prices at the pump in Europe are going up just as fast as in America. Is their something wrong with the mathematics here? How come no-one seems to be able to deal with the oil companies?

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