Thursday, May 03, 2007

Ladies and Gentlemen, you are being played...

...and so am I.

Unfortunately, there is not a damned thing we can do about it. We like to drive our cars and therefore we need to buy gasoline. When we buy gasoline we enrich those who strive to screw us, but we need to get to work, or the beach, or wherever.

Read this please.

That article details how gas will reach record highs in relatively short order despite crude oil being about $10 a barrel cheaper than it was last time gasoline breached the $3 a gallon mark.
The reason it details is an unusually high number of refinery outages lately and an inability of the oil companies to bring gasoline to the masses.

Hmm... If I was a multinational oil conglomerate or ten and I wanted to drive record prices during peak usage time, would I manufacture a reason to reduce the gasoline supply to the marketplace? I think I would. The oil companies know we will buy the gas anyway. Because they know we will buy the gas anyway they can do whatever they want. The only way to get them to turn the tap on and keep it on is to reduce demand. Will we reduce demand? Under no circumstances. So when paying $3.75 a gallon in July for regular so you can drive 500 miles to your destination of choice, remember, we are all to blame.

No 1 of Consequence

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