I think this current run up in oil is due to price manipulation plain and simple. We hear all this talk about supply shortages and what not but when was the last time you couldn’t get a full tank of gas at any station in the US?
I don’t see any supply shortages that caused gas to double in price in such a short time. And have you noticed that every time oil starts to come down out comes the bad news about more shortages and up it goes again.
I remember the Soudies tried this shortage thing when Clinton was in office and he held them at bay by opening the strategic reserves every time they shorted supply resulting in very cheap fuel (Remember $1 gas in the 90’s?) and that helped boost the economy. Then they try and say that there aren’t enough refineries to keep up with demand but again, no one is being turned away at any pump in America due to high demand and short supply. Even with all the popular gas gussling SUV’s on the road this last eight years we never ran short of fuel once at the stations.
So I ask, if its always available at any gas station any where in the US then how is there a shortage?
This run up in oil is pure speculation and price manipulation and with all the protesting over sea’s and here at home I think it won’t be too much longer before oil is put back in check, well maybe after next November because you know damn well Bush wont lift a finger on this issue.
