May 23, 2008

Gas Prices

$3.85 a gallon gas. Come on already, what is the deal anyway.

Prices go up because of hurricanes or reports there might be one. It goes up because it might get cold. It might get warm, Because people might drive or might not.
The Inventories or supplies might be going down or disrupted.

What ever they can speculate they do but they say it's not the speculators that are driving it up.

Refineries and production have not been increased in 30 years but its not the oill companies fault the prices are going up. Hell! they have had to buy back stocks instead of investinng or expanding in their production. They have to pay all the CEOs millions in salaries and keep the stockholders happy. OOPS That’s right, I forgot they are buying up all their own stock. Sure they have been trying to drill in Alaska and other areas and the Government has blocked that. How hard have they tried to get the OK to expand refineries. Oh I forgot they are only running at 80% to 85% capacity anyway and they were even able to cut back to increase profit margines recently so they must not need more refinery capacity to keep up supply.

Thank god its not the Oil Companies or the Governments fault the prices keep going up.

Stockpile levels seem to keep going down but the reserves are not supppsed to be tapped and until recently have been continuously added to. The reserves should be increasing or at least staying level since they are not supposed to be getting tapped. Maybe I am getting stockpiles and reserves mixed up or am I.

But I am sure this has nothing to do with the prices going up.


Just a thought and I am probably wrong, but could this all have anything to with rampant GREED everywhere?
Nah!That would be too far fetched of a conclusion.

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