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Originally Posted by oldandslow
You are giving far too much heed to speculators. China, India, and our ever-increasing demand are the culprits behind this particular moment in time.
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I agree and understand fully that those are developing thus consumption is increasing exponentially. What I do not agree with is the notion about supplies. Yeah the 70's doubled prices and there was gas lines actually shortages.....last time I checked there no lines at any gas station. that’s what i mean by speculation, the demand in other countries is rising, but there enough oil to go around for now at least. Gas and oil should be rising with demand but for the exponential raises were seeing, there should be mass shortages. its funny, people keep talking about shut downs and lack of refining capacity. Which I belief is true however, unless it gets to a point to where there isn’t enough product to sell the speculation is worthless as there obviously enough gas.
Yes I know I am crazy, but does that explain my POV?
And with all of this going on I would like to belief our country would be doing more to get us out of this mess. But as always, let’s wait till gas is 8+ before anything’s done and the economy comes to a screeching halt. Why? Because it’s a fact that Oil has long arms and that people in high places have deep pockets needing to be filled.
What people are betting on is that there will be shortages....however I got to side with the Donger, and again throw the BS card. That wont happen for quite some time and when it does we should of transitioned into a new form of energy (hopefully renewable)