Can We Expect $5 Gas Anytime Soon
Gas Just Keeps Going Up
By Curtis Carper, published Jan 25, 2008
Published Content: 346 Total Views: 119,389 Favorited By: 13 CPs
The economy is based on a supply, and demand system. When supplies are short, causing the demand to be high, the result is producers can charge whatever inflated price they want for their goods. Some refer to this as the Capitalist System. When prices are so terrible inflated it is pure Price Gouging.
Not a bad situation, if your loaded with money, and able to invest in oil companies. Everybody gets rich, in a pigs eye. Once again the middle, and lower class fill the pockets of the few, but extremely rich upper class.
Oil Companies, and the people who invest in them see no problem with the current situation. There is no motivation for change. To do so will only lower their profits.
When is the last time you heard of a new refinery being built. Not going to happen as far as the Oil Industry's concerned.
There is only one way to address the profiteering that is currently taking place in the Oil Industry. That is to dramatically reduce your reliance on oil across the board.
Sure that's unpalatable to the majority of the citizens in this country. To many they're trapped. As the country grew people migrated away from over populated city centers. Suburbia, country living, ah the good life. Only that requires commuting, two cars in every driveway long ago replaced the chicken in every pot analogy.
With generations of middle class money invested in suburbia living, none will walk away from their comfortable homes, the center piece of their investments, just to avoid the cost of commuting. Oil Companies fully realize this as just another layer in there cozy security blanket.
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Takeaways
- No refineries are being built
- With high demand, the oil companies have the edge
- There's no incentive to change things
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