De'Javu: A Repeat of Last Summers Gasoline Price Surge?
Tim Williams
May 22, 2009
Of all the commodities today that doesn't have a stable price, it's gasoline. With the cost of fuel being unstable every business, family, or individual is affected is some way or another. It is impossible to maintain any budget to any degree of consistency. The oil cartel virtually holds the world hostage in that they continue to use any excuse to fluctuate the price people pay at the pump. An uprising in Sir Lanka, a surge of violence in the Mid East, a hurricane in Florida to name a few of the reasons why the oil industry does raise the price. Very rarely does the reason for any rate hike directly affect the flow and production of fuel.
Five weeks ago the cost of oil was about $52 per barrel. Gasoline at most gas stations was around $1.89 per gallon. This Memorial Day weekend the cost of oil is at $62 per barrel and the price at the pump is now at $2.35 per gallon. This is an increase of $.46 per gallon. Yet, all of the major oil companies are reaping record profits every quarter every year, with really no return toward developing affordable staple price alternative fuel sources. The consumer, meanwhile continues to wallow in a cycle of diminished capabilities in regards to being able to purchase the necessary fuel to get to work, by food which continues to escalate because of the rising cost of gasoline, and now is reduced in the ability to stimulate local economies.
With so much turmoil in the world today the one commodity that must be stable is the price of oil and gasoline. Economies are dependent on stable prices whether it is the food sources or energy sources that every one needs. The Oil Industry is continuing to horde vast amounts of oil reserves much like the Diamond industry to purposely keep the price people have to pay unstable and now approaching unaffordable. The Oil industry continues to find any excuse to justify their fluctuating rate hikes.
Why is it that there has been no consistency in the cost of oil? To answer that question we should turn the publics attention to each nations governments, in particular the United States where our Congress has been for a long time been very ineffectual in applying any standards to the oil industry in regards to having any consistency on the cost consumers pay at the pump. Another factor is that the oil lobbyists are continuing to fund political campaigns to keep members of congress elected. In other words members of congress are bought and paid for by the oil industry.
What is needed now to avoid a repeat of last summers devastating financial economic crisis that every American endured is to get each member of Congress and the President to implement sanctions against the Oil Cartel if prices continue to rise unabated. Maybe if the United States gets serious about keeping consistency in the cost of fuel the Oil industry will have no choice in maintaining affordability and abundency. Until there is a readily available source of consistently affordable abundant alternitive fuel where every car that is manufactured and every service and gas station is equiped with those fuels we have to hold the Oil Industry accountable. What we don't want or need now is a repeat of last years financial disaster that was imposed upon the population by the Oil Industry.
Five weeks ago the cost of oil was about $52 per barrel. Gasoline at most gas stations was around $1.89 per gallon. This Memorial Day weekend the cost of oil is at $62 per barrel and the price at the pump is now at $2.35 per gallon. This is an increase of $.46 per gallon. Yet, all of the major oil companies are reaping record profits every quarter every year, with really no return toward developing affordable staple price alternative fuel sources. The consumer, meanwhile continues to wallow in a cycle of diminished capabilities in regards to being able to purchase the necessary fuel to get to work, by food which continues to escalate because of the rising cost of gasoline, and now is reduced in the ability to stimulate local economies.
With so much turmoil in the world today the one commodity that must be stable is the price of oil and gasoline. Economies are dependent on stable prices whether it is the food sources or energy sources that every one needs. The Oil Industry is continuing to horde vast amounts of oil reserves much like the Diamond industry to purposely keep the price people have to pay unstable and now approaching unaffordable. The Oil industry continues to find any excuse to justify their fluctuating rate hikes.
Why is it that there has been no consistency in the cost of oil? To answer that question we should turn the publics attention to each nations governments, in particular the United States where our Congress has been for a long time been very ineffectual in applying any standards to the oil industry in regards to having any consistency on the cost consumers pay at the pump. Another factor is that the oil lobbyists are continuing to fund political campaigns to keep members of congress elected. In other words members of congress are bought and paid for by the oil industry.
What is needed now to avoid a repeat of last summers devastating financial economic crisis that every American endured is to get each member of Congress and the President to implement sanctions against the Oil Cartel if prices continue to rise unabated. Maybe if the United States gets serious about keeping consistency in the cost of fuel the Oil industry will have no choice in maintaining affordability and abundency. Until there is a readily available source of consistently affordable abundant alternitive fuel where every car that is manufactured and every service and gas station is equiped with those fuels we have to hold the Oil Industry accountable. What we don't want or need now is a repeat of last years financial disaster that was imposed upon the population by the Oil Industry.