I've been following the news everyday about the gas prices ( I know... who hasn't, right? ) and it never ceases to amaze me how you can find contradicting stories on the same website on the very same day.
Today I read a story on CNN.com about how some group of pinheads called the "International Energy Agency" said that oil speculation in the market is NOT influencing the price of oil. Now, by CNN's own definition in the story, this group is "an influential oil-policy group". INFLUENTIAL OIL-POLICY GROUP... It makes we wonder just how influential they are and who are they influencing about "oil-policy". I can't believe anyone with more than a couple operating brain cells could say that speculation in the oil market isn't having any effect on the price. Of course the story didn't say whether this group lives on planet Earth, so maybe they have an excuse for not knowing what is happening on our world.
Everywhere you look, you see and read about people in this country doing things to save gas. I've noticed a lot of people driving slower on the highway, heck I'm doing it myself. I'm also consciously making an effort to drive less and if I have to drive, I consolidate trips into one, etc. People are buying fuel efficient cars in droves. They can't make Prius's fast enough to keep up with demand. I've read in the news where our consumption of gas in this country is down and continues to fall do to people's conservation efforts. Supplies are up yet the price just keeps climbing.
Anyway, another story on the same website states, "Crude prices rose more than $2 a barrel Tuesday after an energy advisory group reduced its estimate on the amount of oil that will reach the market in the coming years." So this story is telling us that the mere mention of supply maybe not being as much as they originally SPECULATED on, is having an immediate effect on prices. These guys are PROGNOSTICATING on what supplies MAY do over the next SEVERAL YEARS and the price immediately jumps $2 a barrel.
Guess which agency it was that issued this report. You guessed it, the very same agency that said speculation doesn't effect the price... HELLOOOOOO!!!
Who the hell are these guys anyway? What do they use, a crystal ball? Tarot cards? Ouija board? If you ask me, I would say they just shot themselves and any chance at credibility right in the head. They just proved they don't have a clue and anything they say should be taken with a grain of salt. Nobody should be paying any attention whatsoever to this group of "oil psychics", yet the people who trade the market lapped up everything they said like a hungry puppies and what's the result? We take it in the backside again. It's absolutely ridiculous.
I think we should all go on strike. We, the work force, should just stop working and stay home for a week or two. Just shut the economy down for a bit until these guys that are playing us settle down and quit manipulating the system. We'll save a couple hundred bucks in gas anyway. For some people making minimum wage, it would probably look pretty good. Why work when you have to spend 1/3 or 1/2 of your take home pay just to get back and forth to the job? Might as well stay home and go on welfare, you'll probably come out ahead.
Let all the rich oil barons pay all the taxes and pick up the tab for the country for a while.
Sound like a plan?
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