High Cost of Oil: An April Fool's Day Joke on All of Us Somervell County Salon-Glen Rose, Rainbow, Nemo, Glass....Texas


 

High Cost of Oil: An April Fool's Day Joke on All of Us
 


11 April 2008 at 10:12:05 AM
pstern



(feel free to click on links)


Last week on April 1st hundreds of independent truckers protested against big oil companies.


It's about time!


We all know that oil and gas prices during the past year have escalated dramatically.


We hear from the oil companies that their "hands are tied" because of the high and increasing worldwide demand for oil.  We're told that it's the old story of "supply and demand" that is raising oil costs "through the roof" and we're expected to "buy into" that crock.


Let no one be misled.  Oil companies do have the capability of lowering oil and gas prices.  It's just that simple.


Obviously, they opt NOT to do so.  It is NOT due to the laws of "supply and demand".  The culprit for all our oil economic woes is plain old GREED.

Oil companies are in the business to make big profits, after all, this is American capitalism at its best.

Yes, we have been and can continue to change our energy habits.  We can sell our SUV's and our beloved pickup trucks to trade in for a Hyundai-type car that saves on gas or we can ride bicycles as they do in Europe to conserve energy.

American companies could begin more actively researching and developing alternative energy sources.  However, even if such options are made available and cost-effective would the big oil companies permit it?  No they would not!

Perhaps the only way big oil companies would permit alternate sources of energy is if they were the ones to develop the processes and they could charge high prices for alternate energy.

Really, think about it.  It's just common sense.

Why would oil companies opt to run themselves "out of business" ?  Why would they "cut their own throats" ?

The reason oil and gas prices are so high is because it creates more revenue.

American oil companies could circumvent OPEC sky-high costs by drilling for oil in the arctic region and build-up a vast oil reserve.  According to those laws of "supply and demand" such a large reserve would cut consumer costs dramatically.  Oil companies don't want to do it.  Legislators feebly fight it.

With all due fairness, there are other obstacles to drilling in the arctic region.  For many years environmentalists have been fighting against drilling in the arctic.  There are real and tangible environmental concerns about doing so.  Still, drilling for oil is a viable alternative to paying the outrageous demands and high oil costs by OPEC nations.

It appears as with so many critical and volatile issues, our congress remains in limbo.  Legislators rather permit the enslaving of Americans to high oil prices and the will of powerful, wealthy oil lobbyists than to intelligently and expediently resolve the issue.

While we're told that our gas prices will see a ceiling at $3.60 at the pumps, it would not surprise me if the actual pricing soon flies above $5 per gallon.

The only way the issue of oil, gas and sky-high costs will be resolved is if the voters unite as the truckers have and continue to demand it.

So, what are we waiting for?

---


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