On May 7, 3:06=A0pm, The Pope Wears Prada <The_Pope@[EMAIL PROTECTED]
>
wrote:
> Gas prices at the pump do not yet reflect the current price of oil on
> the world's commodities market. The price of oil has risen so fast in
> such a short period of time, from $60 a barrel at the beginning of 2007
> to over $120 a barrel now. The gas that is being sold today reflects the
> price paid for oil on the futures market many months ago when gas was
> between $60 and $90 a barrel. As the months roll by, the price of gas
> will reflect a higher and higher price of oil. It is inexorable.
>
> Expect $5 a gallon gas by year's end and $6 a gallon by the end of 2009.
>
> And no amount of drilling in ANWR or anywhere else will reverse this
> price rise.
> http://upload.wikimedia.org/wikipedia/en/thumb/2/2f/Oil_Prices_Medium...
The solution is clear. All the speculators who ruined the stock
market, ruined the housing market, and are now ruining the commodities
markets should be taken out to the nearest field and shot. Don't
laugh. As things get dicier and dicier, people are going to start
looking at who's having a much tougher time and who is relatively
unaffected by all this disruption and poorly explained or completely
unexplained jump in the price of the basic necessities of modern
life. Joe Unaffected better have an awfully good rap to justify how
he is still living the high life while the rest of us can barely
afford to drive and are going into debt to keep body and soul
together. If you think class envy was a problem in the past, just
wait. It's not going to be about blue collar vs. white collar. It's
going to be about the well situated richies, regardless of the way in
which they make a living, vs. tens of millions of people who have been
told to go off and die. Those who have somehow survived by their wits
and grit aren't going to sit still as the helpless cogs try to steal
all we have left YET AGAIN with their "now you see it, now you don't"
game of financial musical chairs. You're talking gas riots, food
riots, and eventually, civil war.
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