Guys... Supply and Demand do have a lot to do with it.. China, India and all the others...
However, our president’s failed "Strong Dollar" policy is responsible for 40% of the increase in gas prices.. The entire increase over the last few weeks has nothing to do with reduced production or increased demand. It is solely the result of a declining dollar. It takes more dollars to purchase a barrel's worth of
oil because the dollar is worthless...
Now let's talk about why our currency is worthless..
1. Are banks are quickly going under due bad risk decisions based on deviant selling tactics employed by greedy mortgage brokers who could care less about the credit worthiness of the customer. They then lumped all the bad loans and sold them as AAA bonds to even stupider instituitions. The Fed keeps printing money to keep the banks solvent and that just decreases the value of the dollar. It all started with the slime suckers wanting their mortgage sales commissions.
2. One screwed up foreign policy. Some estimate we have spent over 3 Trillion dollars on the Iraq war.. Bush and Chaney’s fiasco will go down in history as the single event that took us from being the lone super power down to just another UN member like the UK, France and Germany.. (No offense to the British, Germans of French.) Think what we could have done domestically to curb our demand for
oil if we had 3 trillion dollars to burn.
Now who is laughing all the way to the bank.. Exxon & Halliburton.
Don't get me wrong, I voted for this guy the first time as I thought he would do a good job. However, do I ever regret it.
My $.02