Posted by
Juwar74 on Monday, October 13, 2008 7:53:08 PM
Today, gas fell under $3.00 in my area to $2.99.
What's the deal? Did we find some extra barrels of oil somewhere in the world? No.
Did we do what the Republicans have been begging us to do since early in the year--"Drill, baby, drill!..." No.
So it seems to me, what happened today, was what I had expected all along. We were being screwed by price manipulators of the market. Now, some of them would justify prices falling because of an increase in unemployment, but that just proves my point even stronger.
Either production of oil was being scaled back in order to bleed us dry, or there was an actual shortage of oil supply. I suspect the former rather than the latter. However, I do not want anyone who reads this to walk away thinking that I advocate the continuation of the consumption of fossil fuels and not transition to renewable energy. I'm all for getting off the oil teat, but I hate the idea of traders and oil producers behaving so greedily just to improve their bottom line. I mean, what was special about the oil supply that it was 4.15 just two months ago and now 2.99 today.
This is a bunch of BS!