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Posted by: RichFatCat 1 year, 6 months ago

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RichFatCat1 year, 6 months ago

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$5.75 per gallon by July 4. That's a promise. $6.50 or more per gallon by Labor Day. That's the plan, bank on it! Supply and demand? That's a myth! Americans have cut back usage more than at any other time in history and the price goes up, up, up.
Shortage? Storage tanks are at full capacity! Like it or not, rampant speculation on oil as a commodity and as a hedge against a plunging dollar is mostly the cause. Billions and billions are made every day and one doesn't even have to get one's hands dirty. It's a market, pure and simple, and there are no limits and there is NO end in sight for how high it will rise. If, for some reason, demand REALLY plunges, so will production.
Nuclear power, drill in ANWR or offshore until every fish and caribou is dead and it WILL MAKE NO DIFFERENCE! 90 miles per gallon, cut consumption in half, it will make no difference.
There will always be enough people with the ability to pay any price for a gallon of gasoline.

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