Every time a cloud drifts over a coutry with an oil well, the price-fixing cartel rams a higher price up and down our alimentary canals. Libya, e.g., has zero impact on us, so why did pump prices escalate again? Several reasons
1. The cartel zapped a high price on crude oil - because it wanted to, you dummy!
2. The refiners saw an opportunity to whine about the price of crude and then to gouge the consumers disproportionately. When Exxon, Shell, and the others report quarterly profits TRIPLE what they were a year ago, doesn't anyone suspect foul play? Whatever became of anti-price-fixing and anti-trust laws? Whatever happened to government's protecting its people? "Government FOR the people;" does that ring a bell?
Naturally, at least one other force is at work. The oil world uses the dollar as a currency, and we have a clown government, an inexperienced set of morons, a BADministration, that throws away trillions at a time nowadays. They crank up the presses and print it, see? With more dollars being wasted all over the world, the worth of a dollar drops, and it takes more of them to purchase a unit of anything.
The sky's the limit you think? No, the depths are the limit, and we're approaching them.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment