$4.57 a gallon, for 87 octane gas. $4.57. For "the cheap gas".
What happened to the WAR FOR OIL?
On Friday, the 6th, speculators drove the price of a barrel of crude shot up nearly $11 a barrel Friday and approached $140 for the first time.
Just a few short months ago we were whining like pansies about the possibility of going over $100.00 a barrel.
Americans on the whole are using LESS oil, SUV's are being ditched in favor of smaller hybrid or gas efficient cars. People are walking, riding or taking more public transport. In fact even here on the southern California freeways, people are driving slower.
So why are price going up,up,up????
Beside the obvious reasons like no new refineries for 30+ years, no off-shoring, stockpiling too much in reserves and leaving ANWAR untapped; one of the main reasons we are suddenly paying these exorbitant prices are speculators.
"Excessive speculation on energy trading is the fuel that is driving this runaway train in crude oil prices.
Others testifying said speculation by investment banks, hedge funds, institutional investors and others may be responsible for more than half of the skyrocketing price of crude oil."
What to do, what to do?
Start here:
Give The White House a piece of your mind:
The White House
1600 Pennsylvania Ave
Washington, DC 20500
Phone: 202-456-1111
FAX: 202-456-2461
E-Mail: Comments@whitehouse.gov
Then, when that's done, contact your state representatives and tell them exactly what you think of the job they are doing for this country.
You can do that HERE. 12% approval rating indeed.
