Quote:
Originally Posted by Honu
From what I have read we are producing more oil in this country right now than we have for a long time. There are new oil reserves being found all over the country yet we are still paying thru the teeth for gas. Something is rotten in Denmark....is it the oil speculators? Is it our own country gouging its citizens? We have oil rigs sitting out in the ocean here in Cali that we dont use and are just a shi tting spot for water foul, why? Its more than taxes and tax breaks and its way more than who is president.....we are being fleeced and the best way to tell them to go f*ck themselves is by buying electric cars and finding non fuel transportation for everyday life. When gas prices go up I know that I find ways to minimize my driving habits, I know that some dont have that option.
Oil speculators should be banned. What if there were wheat and corn speculators, would that be ok with the world?
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Yes, oil speculators have alot to do with it. Oil companies in the US should have to compete on a fair market with the rest of the country's energy manufacturers, not continue to get government gifts of billions of dollars bloating their already legendary profits and eliminating them paying their taxes. Coal and oil are ridiculously out of date as fuel. Even trucking companies are going to natural gas.
Part of the auto bailout deal was requiring the car companies to hurry up with mileage improvements.
BTW, there are corn and wheat speculators (futures traders). And there are subsidies for those crops, too.