Subject:
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Re: Gas prices in USA
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Fri, 2 Sep 2005 16:53:18 GMT
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Viewed:
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1063 times
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In lugnet.off-topic.debate, Ray Sanders wrote:
> The quickest way to roll back the demand [for oil] is jack up
> the price. Those who absolutely have to buy the fuel will do so, those that can
> deal with the situation by making fewer trips to the store, walmart, etc, will
> do so also. Its a tough situation for everyone at the momment.
Not for everyone. Those who are wealthy enough not to have to worry about a 60
or 80% increase in the price per gallon aren't going to be affected at all,
except perhaps to enjoy a larger profit from their oil stocks.
Raising the prices serves only to hurt those who can't absorb the increased
price. Once again, the poor get hammered and the wealthy are untouched. Thank
you, George W. Bush, for preserving the American dream of hating the
impoverished and blaming them for their poverty.
> Bush releasing the strategic reserve was a good
> move IMHO (and I don't like W at all).
I'm not so sure. As you correctly note, the problem comes from a saturated
supply line; there's no capacity to refine more oil, so Dubya's release of
X-Million barrels from the reserves is nothing but a political strategy (much
like his plans to arrive in the devastated area at the same time that the food
aid begins to arrive. Coincidence?)
Additionally, the oil reserves were stocked when oil was about $30 a barrel.
When Dubya goes to replenish the reserves, he'll be paying about $70+ per
barrel, in yet another sloppy, wet tongue-kiss to his big oil cronies.
Dave!
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Message is in Reply To:
 | | Re: Gas prices in USA
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| (...) Personally, I don't see the problem. I see a (hopefully temporary) product shortage due to an unplanned for natural catastrophe. Google for "katrina colonial pipeline". There was a BusinessWeek article that came out in the past two days that (...) (19 years ago, 2-Sep-05, to lugnet.off-topic.debate)
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