Saturday, June 21, 2008

The Fundamental Problem With Gasoline

The fundamental problem behind high gas prices is that the supply of oil has not kept up with the rising demand across the world.
I Call Bull Shit here - Demand isn't increasing, it's shrinking as prices go up.

There has to be more to this than the old economic supply demand curve. Perhaps, it's how the commodities brokers are jacking up the price per barrel because they can. Or is it because the Big Oil Companies are more interested in record breaking profits than they are in lower pump prices?

Come on, the Saudis are sitting on an enormous reservoir of oil that is allready have large number of straws sucking out crude. The solution isn't to drill now for oil found ten years from now. Bush can't tell that his inability to convince the House of Saud to change their output says to me that he's a) either got zero cred with the Saudi Sheiks and couldn't convince them to take a shit on their royal toilets over an outhouse sitting in the desert sun let alone get them to increase production, or b) the Bush family is in collusion with the Saudis to make more money for their own heirs. Either way, it's not a pretty picture.

If you bother to read the President's Radio Address, you will notice that absolutely NONE of his four proposed "solutions" involve the introduction of new technologies, green energy, or alternative and sustainable energy solutions. Why? I think you know.

Blog on Friends. Blog on all.

No comments: