Monday, May 12, 2008

Gas prices rant

OK. Gasoline will be $4 per gallon by the summer. I filled up today at $3.73 in Mass, and it was a whopping $65 affair. You know what? Fine. I drive a Jeep with a V8. I accept the fact that I don't get 30mpg. I love my Jeep and wouldn't trade my daily driver for anything else.

My problem with the price hikes is that the government is tricking us into thinking that there's a gas shortage. Recently there was a press conference in which George W. Bush, our nation's illustrious President said, "It should be obvious to you all that the [gasoline] demand is outstripping supply, which causes prices to go up." — Associated Press, Mar. 5, 2008

2 Words for you, Mr. Bush: BULL SHIT

Ed Wallace wrote in a recent BusinessWeek article: "Gasoline reserves on hand are at the highest levels since the early 1990s, which is remarkable considering the nation's refineries have been cutting back on the production of gasoline because their margins have declined. In fact, average gasoline reserves on hand have risen since this past October, while oil reserves in this country have gone up virtually every week this year—and only fog in the Houston Ship Channel that kept oil tankers from unloading their crude one week kept it from being every week." Apr. 1, 2008

Mr Wallace's exposee aparrently hasn't been seen by all of America, as we are still lining up at the pumps to pay outrageous prices for our gas. In California, people are already paying $4 per gallon or more. In upstate New York this past weekend, I saw $3.93 per gallon for regular unleaded.

The thing that bothers me is that our government, oil companies, and ethanol companies are all in on this scam. It disgusts me that Bush's people are giving him information that supports this massive lie. Our Constitution gives the people the power to make decisions in this country. I say a rebellion is far past due. Our government has intentionally fooled us for far too long.

Demand is down. Prices still increase. According to basic economics, once price starts having a negative effect on demand, the price should be reduced until the demand increases. The gas companies will still make the same stupid profits, but our wallets won't feel the ache as much. That also means that people will have more money to put back into the economy, thus reversing the current recession we are experiencing.

The number of boats, PWCs, RVs, and other toys I have seen for sale is just stupid. People are resorting to buying bicycles to save gas, because prices are that astronomical. As I said before, let's stop wasting our congressmen's time with steriod use in baseball and force our oil companies to reduce their profits by a few Billion dollars....