Quote:
Originally Posted by NoRegrets
The media is MIA on good old fashioned investigative reporting and following the trail on the real cost of our energy. I am suspicious that there is a plan to get gas above 8 dollars a gallon and we are nit picking sound bites in the media. Wall street speculation, deregulation, supply disruption, global unrest, China and emerging market demand, and all other issues do not seem to equate to the current supply levels and cost.
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Obama and his green cronies need to keep the cost of gas high to justify wasting tons of tax dollars funding alternative energy and subsidize ethanol production. Plus they earn more tax revenue on higher prices since it's a percentage of the sale price. Can't justify "green energy" when gas is cheap. There isn't a supply problem, there is a glut of inventory on the market, that's why the Saudi's announced they are cutting production.
The supply coming into this country is being purposely throttled and so is refinement. That's what is fueling speculators to drive the price up, which of course has a snowball effect. Difference today versus a couple years ago... gas hit 4.00 per gallon when oil hit $150 bucks a barrel, today it's nearly 4.00 per gallon with oil only at $107 bucks a barrel.
Doesn't help that the dollar is so devalued right now that it's barely worth the paper it's printed on.
This is what happens after 10 years of financial mismanagement in DC combined with the desire to fund pet projects. Just my humble observations.