Quote:
Originally Posted by Just Sold
Tonight ABC News had a report on the skyrocketing price of gas and that it is being fueled by oil speculators, there are no shortages and OPEC reported that there is actually a glut on the market. So where will this end with oil speculators and oil companies making record profits off the American public. I do not see anyone in Washington raising the alarm and doing anything about this.
Donald Trump had an opinion that enough is enough on the price of oil in another report on presidential canidates.
I know that we are paying at the gas staions now and at the lake we will pay even more very soon.
http://abcnews.go.com/WNT/video/gas-...ocket-13351696 |
The problem with fuel is the demand is relatively inelastic so when prices run up there is no quick remedy to counter balance things out with less supply.
Everyone wants the ideal of "free-markets" (Greenspan was almost delusional about them) but they don't work without regulations. Anyone forget the nightmare of Fall 2008 and basically all of 2009? The supply/demand is so far out of whack with oil that I have a difficult time believing that outside manipulation is not at play.
China has surging energy demands and they are working at a fevered pitch to combat it. They have mini windmills on light poles to power the street lights in some areas. Could you imaging the uproar in the US if we wanted stuff like that? Even on this forum there are people who would oppose any kind of windmill. As long as we have a mindset like that, we're going to stuggle to ween off our oil dependency.
China's dwarfing us in alternative energy development. Sadly most of the solar, wind, and battery technologies have their roots in the US but we're now the underdog of innovation.
Instead of paying for two wars imagine what the money could be better used for......