On May 9, 3:15=EF=BF=BDam, Mack the Knife <bulldog101...@[EMAIL PROTECTED]
> wrote:
> On May 7, 3:06=EF=BF=BDpm, 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. =EF=BF=BDAll 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.
=EF=BF=BDDon't
> laugh. =EF=BF=BDAs 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. =EF=BF=BDJoe Unaffected better have an awfully good rap to justify
h=
ow
> 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. =EF=BF=BDIf you think class envy was a problem in the past,
just=
> wait. =EF=BF=BDIt's not going to be about blue collar vs. white collar.
=
=EF=BF=BDIt'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. =EF=BF=BDThose 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. =EF=BF=BDYou're talking gas riots,
food
> riots, and eventually, civil war.
To respond to the high oil prices, my response is Bakken.
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