Based on my limited understanding of economics, the reason fuel prices are going up has nothing to do with supply and demand and everything to do with Wall Street speculators. Personally the sooner we throw those bums out for getting rich without adding any value, the better! As far as I'm concerned, they are parasites on those of us in this society that actually work hard to create value.
Well, when the country prints money like it is and devalues the dollar, wall street needs to offset the inflation risk, and commodities like oil become prime options. So its a reaction to government fiscal policy. It starts at the top. Instead of attacking the symptoms, we need to attack the problem. And while supply is availble, where that supply comes from continues to increase from riskier places.
The US is the only country in world that sits on its own reserves while expoliting the oil of others. Until that changes, either by reducing demand or increasing domestic supply, we are going to have to deal with this. And the biggest untapped known reserve is there offshore in Southern California.
Boys, Boys, you're both beautiful!!!
Bill
Edited by ScubaTex, 07 April 2010 - 09:02 AM.
