Tuesday, May 27, 2008

Energy Cost

I wonder how many people think that if they have patience, the price of gasoline will go down to a level more like a year or so ago. It ain't gonna happen. So sorry!

Oil on the market closed a little below $130 per barrel today, but my bet is that it goes up again, by 3, down by 2, up by 4, down by 3, and so on and on. Some experts think $200 per barrel is possible, and $6-7 per gallon of gasoline is coming. Maybe even higher!

I have a theory, that's not pleasant to contemplate. I think maybe the folks that have control of the crude oil supply, (middle east folks) know it makes no sense to challenge us militarily, but by slowly driving up the cost of energy, they can eventually wreck our economy.

"Why would they do this?", you may ask. THINK IRAQ, among other things.

The policies of the fools that have been running this country have created much emnity against us by millions of people in various parts of the world. What will it take to recover from this madness?

 

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