Somehow I just can’t work up a whole lot of sympathy for people that think cutting back is not buying a new fancy SUV every year or traveling overseas! Most of us are just trying to figure out if we can just eat less or get a Geo Metro!
Not really, but I tried. I stared at my 10-year old car and tried to imagine it was a 3-year old Mercedes that I couldn’t trade in just yet. I came close to feeling something, but maybe the nausea came from something I ate.
People shouldn’t just accept the price of oil. When economists have stated that the true price of oil per barrel is far less than the current price set by traders (when oil was $100 per barrel it was said the true price should have been $50), people should be calling for some heads to roll. When we are paying nearly $4.00 per gallon of gas and oil companies are raking in record profits, heads should roll. When nearly 8 years ago the Bush administration called in the executives of oil companies to help him develop his energy plan and then within months oil prices started to rise,hard questions should be asked…what’s wrong with this picture? People only griped about his choice of advisors for a minimal amount of time and then forgot while prices rose. I’ll grant you Katrina and Iraq then made the situation far worse, but our country was already heading down the road to high oil prices.
A couple of things are being overlooked here. The value of the dollar has a great deal to do with our mess. Based on the dollar value as it should be (not as it is due to congress overspending for years) oil should be about $70.00 a barrel not $128.00 to $130.00. Our cost of food is also drastically affected by the same thing, cars, clothes ect. Lest we forget the current president is in the Oil Business as is his father before him and the price is higher than it should be…What a suprise…At this time in our history about 10% of the population control 60% of the wealth while about 70% of our population have a net worth of “0”. The other 20% are being taxed into the lower bracket with no net worth. In the fortys and fiftys about 70% of the country was in the middle class. Thats what made us strong. We are now becoming more like old mexico with a few families controlling everything…What does anyone think should be done to turn this arround? I sure don’t have the answers, but I know what the questions should be to our leaders….
Lets remember that while oil companies aren’t our friends, they are also not the enemies here, either. The real culprits are the guys who control the supply-OPEC and the folks who won’t allow for more refinery capacity to be built-the Federal and State Gov’t’s.
All that being said, I think thatif I were a bright guy, I would be trying to figure out how to make a mass producable hydrogen engine for about the same cost as a conventional gas engine. I’d be richer than Bill Gates and Warren Buffet!
Even OPEC isn’t the enemy when it comes to the price of oil. It’s all based on speculation. People playing the commodities market hoping to get rich on oil – and they are. The more they drive the price up the more money they make. The good ones will also make a ton of money when the market finally corrects itself.
Bush can only be blamed for invading Iraq adding more fuel to the speculation fire. OPEC can only be blamed for taking profits when people want to throw money at them. The real people to hate are the speculators.
I dont see what people are crying about because last year it all news stations and papers were saying the same thing, “OMFG GAS IS ALMOST $3” and guess what people got used to it. I am looking for gas to be around $7 next year so hey make your life changes or get used to it. Stop complaining and just plan ahead.
That’s funny I haven’t even noticed. I’ve actually increased my spending on luxurious items as I travel internationally! Ha ha ha ha ha ha ha!
Somehow I just can’t work up a whole lot of sympathy for people that think cutting back is not buying a new fancy SUV every year or traveling overseas! Most of us are just trying to figure out if we can just eat less or get a Geo Metro!
That Vespa scooter I used to think was just “cute” might become more of an actual consideration!
I feel their pain.
Not really, but I tried. I stared at my 10-year old car and tried to imagine it was a 3-year old Mercedes that I couldn’t trade in just yet. I came close to feeling something, but maybe the nausea came from something I ate.
All this crying has to end. Every day I keep on hearing the same crap. You know what I do put the peddle to the mettle and roll hard god bless Bush
People shouldn’t just accept the price of oil. When economists have stated that the true price of oil per barrel is far less than the current price set by traders (when oil was $100 per barrel it was said the true price should have been $50), people should be calling for some heads to roll. When we are paying nearly $4.00 per gallon of gas and oil companies are raking in record profits, heads should roll. When nearly 8 years ago the Bush administration called in the executives of oil companies to help him develop his energy plan and then within months oil prices started to rise,hard questions should be asked…what’s wrong with this picture? People only griped about his choice of advisors for a minimal amount of time and then forgot while prices rose. I’ll grant you Katrina and Iraq then made the situation far worse, but our country was already heading down the road to high oil prices.
A couple of things are being overlooked here. The value of the dollar has a great deal to do with our mess. Based on the dollar value as it should be (not as it is due to congress overspending for years) oil should be about $70.00 a barrel not $128.00 to $130.00. Our cost of food is also drastically affected by the same thing, cars, clothes ect. Lest we forget the current president is in the Oil Business as is his father before him and the price is higher than it should be…What a suprise…At this time in our history about 10% of the population control 60% of the wealth while about 70% of our population have a net worth of “0”. The other 20% are being taxed into the lower bracket with no net worth. In the fortys and fiftys about 70% of the country was in the middle class. Thats what made us strong. We are now becoming more like old mexico with a few families controlling everything…What does anyone think should be done to turn this arround? I sure don’t have the answers, but I know what the questions should be to our leaders….
Lets remember that while oil companies aren’t our friends, they are also not the enemies here, either. The real culprits are the guys who control the supply-OPEC and the folks who won’t allow for more refinery capacity to be built-the Federal and State Gov’t’s.
All that being said, I think thatif I were a bright guy, I would be trying to figure out how to make a mass producable hydrogen engine for about the same cost as a conventional gas engine. I’d be richer than Bill Gates and Warren Buffet!
Even OPEC isn’t the enemy when it comes to the price of oil. It’s all based on speculation. People playing the commodities market hoping to get rich on oil – and they are. The more they drive the price up the more money they make. The good ones will also make a ton of money when the market finally corrects itself.
Bush can only be blamed for invading Iraq adding more fuel to the speculation fire. OPEC can only be blamed for taking profits when people want to throw money at them. The real people to hate are the speculators.
I dont see what people are crying about because last year it all news stations and papers were saying the same thing, “OMFG GAS IS ALMOST $3” and guess what people got used to it. I am looking for gas to be around $7 next year so hey make your life changes or get used to it. Stop complaining and just plan ahead.
We should kill all the rich people and take back all that wealth. Thats just my opinion.
Im sure it wouldnt be hard.