This is seconhand information, so it may not be accurate. But it was from a repuatable source.
The U.S. has not paid any more for oil for the last 10-15 years. We have been buying it for the same price. What was the cost of a gallon of gas in 1998? It was about $1.10. Now we are paying near 4 bucks, more in some places, and rumors of 6 bucks by mid summer. This is out of hand.
The only reason the prices are shooting upwards is because the government has allowed OIL to be bought and sold on the future's market. Some rich basturd buys up thousands of barrels, the prices for the remaining goes up, becaause there's no oil, then when the price is high, he sells. He makes his money, but the cost of the oil does not diminish back to it's starting price.
Oil, and every other type of nationaly needed commodity, should NEVER be allower to be used for future's. This goes for corn (ethanol AND food supply) as well as others I'm sure you can think of.
Personally, I think the oil and gas companies SHOULD be run and controlled by the federal governement. This would take it off the futures market, and prevent oil companies from raping the people. I personally beleive in a smaller government, and I think states should have more power... just like the Constitution dictates. But the Federal government should be in charge of those states as a whole, and it's national power consumption is one power that I would allow it.
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This is seconhand information, so it may not be accurate. But it was from a repuatable source.
The U.S. has not paid any more for oil for the last 10-15 years. We have been buying it for the same price. What was the cost of a gallon of gas in 1998? It was about $1.10. Now we are paying near 4 bucks, more in some places, and rumors of 6 bucks by mid summer. This is out of hand.
The only reason the prices are shooting upwards is because the government has allowed OIL to be bought and sold on the future's market. Some rich basturd buys up thousands of barrels, the prices for the remaining goes up, becaause there's no oil, then when the price is high, he sells. He makes his money, but the cost of the oil does not diminish back to it's starting price.
Oil, and every other type of nationaly needed commodity, should NEVER be allower to be used for future's. This goes for corn (ethanol AND food supply) as well as others I'm sure you can think of.
Personally, I think the oil and gas companies SHOULD be run and controlled by the federal governement. This would take it off the futures market, and prevent oil companies from raping the people. I personally beleive in a smaller government, and I think states should have more power... just like the Constitution dictates. But the Federal government should be in charge of those states as a whole, and it's national power consumption is one power that I would allow it.
Just my thoughts.