Any one of my points brought up by themselves would validate what you say. Yet the lack of lines, that I personally experienced in the 70’s here in the CONUS, is telling when combined with profits that are allegedly very very high. Lots of oil with profit ? Confusing or enlightening........ I am just looking for a answer, speculation etc .
Environmentalists are also blocking alternate energy sources -- not just nuclear, and coal -- but, even wind generators where they spoil the views of powerful leftists. The demand for oil and gas would decline, if these alternatives were fully exploited.
Ironically, the oil companies can thank environmental organizations for their recent record profits.
As one other poster at the beginning puts it, stop printing money. Our entire government and way of life has been built upon two really, really bad decisions. One was to relax investment and banking laws in 1999.
The other was the fairness in lending laws. 911 didn’t help matters or the war on Islamic radicals, this drove up massive spending and deficits.
Devaluing the currency is a governments choice, it is not an accident. The response and remedy to non-sustainable public and private deficits (think we are 13 trillion) by this government was to devalue the currency. This remedy to financial equilibrium by devaluing creates inflation which is a tax on it’s unsuspecting citizens and spun as a million other things. Speculation is part of the problem but more based on easing of investment regulations back in 1999. Money goes where it is safest. That used to be the entire U.S. financial sector. With that looking very, very unstable investors are pouring money into essential commodities such as oil, food and metals. Blame the Federal Reserve and your U.S. government for double the food and energy bills.