It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Nomad451
Well if you know anything about Peak Oil you'll know WHY the prices are ever increasing.
Peak Oil activists have been screaming for years the by 2010 the age of cheap oil will be over forever.
We are seeing price spikes now from the turmoil in Libya, this is not price gouging or manipulation... We have already hit peak oil I'm certain of that, and so of course oil supply is stretched as it is, so the price is going to spike even for a small oil exporting nation like Libya.
As I said in another thread, Big Oil doesn't deliberately make the price of oil go higher. They only benefit from high oil prices to a certain point before demand is destroyed and nations stop purchasing the oil, then economies shut down. So essentially really high prices hurt them as much as everybody... We seen it happen in 2008 when oil hit $147 a barrel.
If I was you I'd say I'm sorry but get used to it. You and everyone else is very very soon going to be faced with much more dire issues at hand than the price of fuel. More likely there will be a point where you won't know where your next meal is coming from....
I'm sorry it's bleak but it's true.edit on 5-3-2011 by Nomad451 because: spelling