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Originally Posted by LOSE=GLUE
OK how is it that gas is now about half the price it was 2 months ago? We are getting it up the (you fill it in)! The damn goverment says the oil industry is to blame, bulldookie they are the ones that get all the kickbacks from the oil industry we are being lied to everyday as americans in the land of the free.
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Where I live gas topped out around 3.40/gallon and is currently 2.90/gallon.
I'll accept your initial statement (gas is 1/2 the price it was 2 months ago) as an exageration to make a point.
Individual politicians have blamed the oil industry for the run up but I've never seen an actual government official responsible for the matter make that accusation. If they had I would have expected indictments to follow in days. I want you to source your statement there. Which goverment official blamed the oil industry (for the run up, I assume)?
My own theory is that industrialization in China, India and other countries is placing a demand strain on a limited resourse. Okay. It's not really my theory. But it does make sense.
2.90 seems cheap now. A time will come when 10.00/gallon looks cheap. In your lifetime.
The good news is we will never run out of oil. The same way that you could have projected an end to whale oil (the prefered source for light before kerosene) based on demand/supply other energy sources will become economically viable at higher oil prices.
Here's a helpful suggestion: Don't blame the oil companies. Don't blame the governmement. Blame yourself. If you bought gas at $3.40/gallon like I did then by definition you found that a fair deal. Stop buying it and the price drops.
A nation that drives low milage SUV's and trucks and wants to find out why gas is so high is in denial.