Black Gold
Line your pockets with the money now!
Well folks, Duba filled his fuel tank for only $20!!! Wow. Wait, wasn't I able to fill it for like $10 5 years ago? Have we really run out of that much oil?
Well, yes and no. There is plenty of oil still available in the world...especially in the reserves in Alaska. I am an environmentalist, but I have been all for drilling this area to get our oil. Think of the lives/money to be saved by not going to war to protect US oil interests when you can alter/potentially devestate an arctic habitat. It sucks just a little less than war to me.
Forget all the hype on hybrid cars and possibly hydrogen cars. They should be a greater reality but they aren't. The reality is that gasoline has gone from almost 3 bucks to 2 or less. Did you know that just last month there were approximately 300,138,838 reasons why the price of oil would increase? The bullshit between Israel and non-lebanese militant group Hezbollah, kidnappings in Nigeria, anti-US sentiment in Venezuela, and of course our newest enemy Iran. I was thinking "Holy shit I am going to need a loan to pay for gas!" and this morning I was "Holy shit gas is almost $2! Wait, that still sucks."
For those who don't know, gas is sold like stocks. I wish I was in my energy classes from UMUC right now to get a closer look into this situation. There are no justifications for rising oil prices other than the privileged few who trade the oil options and make tens, hundreds, thousands, or millions of dollars making money off a product that they simply need to hit a computer button to sell/buy. Want to make more money? Sell your oil for one dollar more per barrel.
Now that gas has gone down, where will it go from here? Here is how I see it. The president of Venezuela is badmouthing president dickhead. They have a lot of oil there. Let's see what happens when our faithful government does not want to back or boycott imports from Venezuela.
We have not seen any more major developments in Iraq. It's time to get somebody else! President dickhead has only 3 years left to collect some more middle east figurines. Don't think that Iran will not be a player in our daily conversation as much as Iraq has. Supposedly, any more death and war in that area than already exists led by US forces will draw the price of oil back up.
[I still don't understand how mideast turmoil leads to lack of oil. The oil from the middle east passes through Saudi Arabia, our *cough cough* ally, and just has to cruise across the world to get to the US. How about you make tanker ships more efficient so that they do not lose more oil in transport than a major oil spill loses in a year?]
Bottom Line: $2.00 for regular today. Next year, I predict, we would have broken over $3.50. The winter is coming up. My natural gas rates have not decreased. This is sold like stocks too. It is just a matter of time before those who bought up all the oil options for cheap (the reason we have cheap gas today) will sell their options and profit more than they ever could have imagined. Prices have consistently been low/dropped over the past couple weeks. As new events are almost guarenteed to arise "affecting" the availability of oil, these people will go from rich to richer. They don't care.
That's why I have successfully purchased 365 new cars and filled them all up with $2.00 gas.