Posted by s.crum on April 20, 2008 at 06:50:07 from (4.156.231.148):
In Reply to: All fueled up posted by Gary in TX on April 20, 2008 at 06:19:59:
The point everyone is missing is there is no shortage of fuel in this country and prices are high in the purely American way. Speculators are driving the price of crude oil and all fuels high. Not long ago OPEC said they would not increase production as there is plenty of oil in the market now. Scream at the oil companies and the goverment all you want but fuel is high because it's used as a hedge against the falling dollar just as gold or any other commodity is. Until we all get our head out of our a** and start conserving fuel ie; plan that trip to town to pick up several things at several locations instead of a trip every time you think you need something, this would reduce demand which would make fuels less attractive as investments which would drive down prices. Anybody that thinks $6 to $7 a bu corn would last if this ethanol BS falls thru is a fool. Capitalism is supply and demand. The goverment will not control fuel prices based on this fact. Would you be thrilled to have the goverment say that you must sell your corn for $2 a bushel even if it costs you $3 a bushel to produce and demand is high? Same goes for fuel. You want fuel prices to drop like a rock, everybody needs to just start driving and using fuel when it's NEEDED not when you feel like it. This cannot be done by a 1 day boycott or a trucker shut down. This must be done by an overall enlightening (called wising up) of the majority of fuel users over a sustained period. Fuel stockpiles become maxed out, wall street speculators get real nervous, somebody blinks and it's sell-sell-sell to try to avoid losing their a**. And once every fuel consumer is accustomed to using fuel smart it's pretty tough for speculators to drive the prices up. Did everyone sleep thru economics 101?
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