Prices of gasoline in the US is starting to creep up to the levels found in Europe. I don't believe that the turmoil in the Middle East and the growing demand in Asia is the real cause.
I honestly believe that our domestic Gas Companies are manipulating the price in order to maximize their own profits. Sure there is turmoil in Libya, sure there is a growing demand world wide as China and other growing economies allow their citizens to increase consumption of consumer goods.
But these prices have been creeping up steadily even before the Gulf oil spill and the political turmoil in the Middle East. It's just that now that these headline news occurrences are taking place, they have a obvious scape goat to place the blame.
I am not falling for the BS. You hear the so called industry analyst say that there is no manipulation taking place. BS. That's the same type of crap the Standard & Poor and Moody's watch dogs were telling us when the housing industry was spiraling out of control.
The governmental regulators aren't all that interested either, since the higher the cost of gas, the more viable some of these alternative fuel sources become.
Instead of directly changing the incentives to encourage alternative fuel sources, the government is letting the oil companies rape the consumers and reinvest the profits into more projects that will not bring about a sensible energy solution for this country.
So we will wind up paying high gas prices, and when the alternative fuel sources become available, we will be preconditioned to pay exorbitant prices for those fuels also.
This is not a solution that makes sense, for the average citizen. Maybe the fat cat oil companies thinks this makes sense, but in reality, it's a short term benefit for them too.
Our ability to consume other worthwhile items will be reduced, as well as our ability to save, and invest in even more cost effective alternative fuel solutions.
In the long run we will all suffer.
No comments:
Post a Comment