Both Libya's and Egypt's regime changes started as food riots.
Now watch what current gas prices are doing to the price of a gallon of milk.
When gas hit this price at the pumps last time, Bush signed an executive order suspending the moratorium on oil exploration. And gas prices plummeted to under 2 dollars a gallon in the space of weeks. Mind you, no actual drilling took place. Just the fact that it could brought price speculation down. This regime says they can't do anything about it, but they'll form a commission to look in on price gouging by the oil companies. Seriously? They banned exploration, banned new drilling, banned just about anything that would make us more energy independent as a nation and when prices do what they will do when that happens, they try to blame someone else.
But, I'm not surprised. This regime believes corporations are evil, that capitalism is evil, that freedom is evil, that being an adult and standing on your own two feet is evil. This regime would love to see European prices at the pumps here in the states. It would make their dream socialist state that much closer.
On a side note, have you seen some states are proposing a usage tax on electric and hybrid vehicles to help offset the drop in revenue from sale of gasoline?
How's that hopey changey thing working out for ya?
3 comments:
This price increase is different form the last one. This is driven by the weakness in the dollar caused by "printing money". Sure, there's some speculation involved but it's not about oil supply but about the bet that the fed won't stop the disastrous policy that is causing the weak dollar.
The price of oil is up for the same reason the price of gold and silver are up.
Sigh... $5/gal in DC this morning...
I think We The People should form a commission to investigate tax gouging by teh gubmint.
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