Quote:
Originally Posted by Cam2011
Don't buy into all the bullshit, the middle east and the OPEC nations have little or nothing to do with modern day gas prices, and articles like the one linked on the first page claiming unrest in the middle east will determine the rise or fall of the price of gas, that theory is wrong. Though supply and demand does play a part, but not as big a part as one would imagine, the absolute real reason that gas prices have gone through the roof is WALL STREET, and the fact that W in his first act as president deregulated the petroleum futures basically making them fair game much like coffee and other commodities, since then Wall Street and its investors have been steadily buying petroleum futures driving up the cost per barrel. Regulate Wall St and you regulate gas, but sadly even the current administration is not willing to do so as Wall St is too powerful. Look back at the historic prices of gas and see just how long it took to reach even $2, then fast forward to 2001, and see what sort of rise it has done from then to now. Wall Street.
Sorry to bring politics to Cam5.
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I agree with this 100%, it's evident after the oil spill in the Gulf and BP can throw 41 billion to clean it up...What other company on the planet can throw away 41 billion and still survive? And guess what, they got 13 billion in tax breaks, so we got to pay for the cleanup and higher gas prices as well
