Gas Price Is Up. Gas Price Is Down. Ooops, It’s Up Again.
Why is the price of gas sky high? I honestly can’t can tell you that it is all because of the threat that rich Arab countries face with alternative fuel.
Yes alternative fuel.
Fuel from corn, fuel from this and that. Maybe who knows fuel from Injera one day. But this is all a game. Arab nations control the output of oil, simple. If they choose to do so, they can pump as many barrels of oil as they wish in a single day. But they don’t want to do that.
Not when a close friend like the United States is publicly voicing their support for an alternative fuel. Shoot who wouldn’t want to be independent? The American politicians are finally tired of lying to their constituents by not telling them they can’t force rich Arab nations with oil to produce more of it.
So what does a nation like a Saudi does? They stick it to the people by producing less than they are capable and maximizing profit.
They make the money tha they could have made tomorrow by producing less today. Why? Because tomorrow is no longer guaranteed. Alternative fuel is the new phenomenon.
And once America starts producing its own fuel via alternative methods, then maybe it will see nations like Saudi Arabia for what they really are - True Enemies. Terrorists are born in Saudi. But we can’t shoot a single bullet in Saudi’s direction because of the power that comes with a nation that has a “Black Gold” or “Oil”.
Filed under: culture | Tagged: gas, gas price, saudi arabia, terrorist
this is what I read about the rising prices of Oil
The falling dollar, the transformation of commodity markets into financial markets and steady global demand for oil are all contributing factors to driving up oil prices.
Given the turmoil in the credit markets, investors are turning to commodities and oil as a trading vehicle, it doesn’t take a whole lot of money flowing out of the bond or stock market and into oil or natural gas to drive up prices.
Typically during a recession in the United States, demand for oil falls because people make a conscious decision to drive less. But any decline in U.S. fuel consumption has been offset by greater demand for all kinds of fuel in emerging economies, which are doing well and therefore contributing to the price escalation.
Strong global demand is likely to increase, not decrease, pressure on U.S. gas and oil prices. China, India and other developing countries that are developing their economies –and a middle class — just keep putting more pressure on the supply of crude oil to turn into energy for themselves.