Gas prices are up on SPECULATION - not supply and demand. Duh.
Praise Jesus!
Somebody besides me gets it!
Hallelujah! Amen!
I agree completely and would add that the speculators are the big oil companies themselves.
If a democrat could credibly run on a defend the borders platform along with a Teddy Roosevelt "bust the monopolies" strategy against Big Oil, you would see a landslide. A republican couldn't do this because the oil money would propel a primary opponent to the nomination.
Clue me in here. If the speculators are wrong than they lose money when the contract is called? Where is all of this extra money going now that we are paying?
Does anybody have any good numbers on what worldwide demand actually is? I heard on the radio that worldwide demand was only up 1% from this time last year, but they didn't provide a cite for a source. Anyone know a good site to track worldwide demand over the last, say, 3 years?
I get what you are saying, but it is not technically correct. The speculators do in fact increase demand by their activities, so demand is up.