Exactly, the $2.25 price per gallon were all about getting people used to paying around $1.90 or so without a complaint. Now when the local Costco has regular unleaded for $1.85 people go nuts. It was not that long ago, that gas was going for a buck thirty five or so. We have been fleeced, and no one coming on here will convince me that the oil companies did not plan to drive prices high, using the WOT as cover. Thanks GW, for doing nothing about this, we have been fleeced with the permission and blessing of the "Powers that Be" again.
"Thanks GW, for doing nothing about this"
Tell me again, how the president can do anything to control the stock market?
These high prices were based on a 'speculative' outcome of (possibly) predicted disasters that didn't occur.
Releasing part of the reserve into the market would have done nothing, especially since the market is 'flooded' with oil as it is.
How is the president supposed to 'control' this?
I have to admit, the plan is brilliant! and it's not just executed in the petroleum arena.
Not so sure it's all GW... However, it would be nice if someone or something stepped in and stopped the extortion.
Exactly what do you think the GW has to do with oil prices? If you want to blame someone, blame Clinton for allowing BP to sell Alaskan crude to Japan, ensuring that Alaskan crude trades on the world market. But even that is a difficult relationship to prove.
The best way to protect yourself from oil price increases is to buy stock in an oil company. Conoco-Phillips stock has more than doubled this year.