posted on May, 22 2008 @ 12:27 PM
Originally posted by sos37
Free_Spirit this isn't directed at you because I know your post was in jest...
But every time some moron blames Bush for the high gas prices and means it I wish they would stop to realize that spiking gas prices are hitting many
places all over the world, not just the United States. Bush can't possibly be responsible for a spike in gas prices Germany, New Zealand, Australia,
etc. The only thing that explains a global spike is what the oil execs told the U.S. Senate yesterday - supply and demand!
Are you serious in that statement?!
And you want to go around calling other people morons? That's funny.
When you invade and occupy the world's Oil Heartland, it tends to raise prices by slowing production and raising demand. Oil Whores having been
gouging consumers for year. What's to stop these major oil producing nations from doing the same thing all corporations do when they see the chance.
This supply and demand crap is a bunch of bull. Sure, I'd slow the production too, if I were one of these refining nations. Why not? The price will
only rise and as well as your profits.
We're on the back end of the pinnacle of oil production right now. Prices should be very affordable. The profits that the world's oil producer
netted last year are indicative of this fact.
Yeah, it's Bush fault. He gave these nations every opportunity to gouge the consumers. And don't think for a minute that he's not making profits
off it ... just like Cheney with Halliburton and also in another area with reconstruction profits from Brown & Root.
You can reference this chart here
As you can see, prices were at an extreme low when Clinton was leaving office. When Bush came into office, prices began to increase steadily ... then
9/11 hit, they increase, dropped again, and have skyrocketed since the invasion of Iraq.
Just because you can put a name on the increase such as "supply and demand" doesn't mean the market isn't rigged.
[edit on 22-5-2008 by tyranny22]