Quote:
|
Originally Posted by Lefty
We have got to stop listening to wackos and use our own resources. We have vast oil, coal and gas deposits right here in our own country. Coal can be liquefied into oil.
|
I don't think wackos have too much to do with this. Drilling, etc. is mostly dictated by the states themselves and for the majority of the past 8 years this has been a Big Oil friendly congress. Money to build new refineries and what have you, has mostly ended up in select pockets. Check out current CEO salaries
I think Big Oil saw an opportunity to ramp prices up to an outrageous level and they took it. Tom's right, it will probably hit 5 bucks a gallon. Then they will gradually drop it back down to the $3.50 to 3.75 range and keep it there until the next opportunity to screw us comes around.
Banking on the American People's willingness to take it in the ass has proven to be a profitable scenario each time they have tried it.
Later, just like all the other times this has happened, it will be revealed there was much price fixing, etc going on. They get a slap on the wrist, a few minimal fines and walk away with huge profits.
We get permanently higher prices and a sore ass.
Jimmie
