Saturday, May 10, 2008

How Did We Come To $120/Barrel Oil and $3.50/Gallon Gasoline

Early in the Bush administration, V.P. Cheney met with the Energy Corporations Executives.  Their meeting, deliberations, and decisions were secret and private and until this very day the public has not been given any information about their clandestine agenda.  Since Bush and Cheney were both involved in the Oil and Gas Industry before taking office, it is safe to conclude the secret discussions were about the price of Oil and Gas.
 
Then you start a war with an Oil producing country over WMD that did not exist, feed speculation about Oil supplies being cut because of the war, let it spill over to the OPEC countries, and then have the domestic Oil companies openly talk about prices being too low and inventory shortages and the speculation runs like wild fire which artificially increase prices.
 
Then, don't stop there: start talking about a possible war with Iran and production cut backs and the speculation drives prices up even higher.  Then American Oil says the price of gas should be $4.00/gallon and pretty soon the price of Oil and Gas doubles and then triples.  The only ones who benefit by these high prices are the Oil Producers.  They love the speculation they themselves participate in.  They also love the Corporate Welfare they receive from the Bush administration.
 
The American people need to understand what is going on here and do those things they can do to reduce their dependence on Oil and Gas.  We need a President who will take the Oil and Gas industry to task and implement more conservation measures and reduce our reliance on Oil and Gas. It is time to go back to some of the measures taken by President Carter, especially reducing the speed limit on the Interstate system.
 
It is time for us to remember there is no shortage of Oil and Gas, only speculation fed by greed.  Most of all, it is time to remember the Oil and Gas industry is no friend of the American people.  If you listen to their leaders, they never make enough profit, even when at record levels.

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