A recent report from Bloomberg reports that Oil Prices (Meaning Crude Trading) is currently at a Two month low, and that as the US output has risen, the Demand has eased.
So Why are we still seeing gas prices that are 4.99 for a gallon of regular?
The oil futures and price per barrel jumps if there’s the slightest change in the breeze, or a Congressman farts. Driving the cost of a gallon of gas up…
So why isn’t the converse true? More supply means that the cost of gas shouldn’t be as high, isn’t that economics 101?
This leads me to think, contrary to what the Oil Companies have reported for years… Gas prices are directly tied to the cost of crude and the anticipated supply that there’s really a far more insidious conspiracy of artificial controls actually keeping the gas prices up.
Obviously, Obscene Profits are a huge motivator.
Keeping fuel prices artificially high would play out nicely for Corporate America in an election year, since fuel / transportation prices directly affect every aspect of the economy.
Think about it, If a cabal of American or International businesses were to decide that they didn’t want a particular President in office, one way to get that president out of office would be to strangle an already weak economy.
When the preferred candidate was elected, then fuel prices drop and the economy spins up again. People go back to work, new jobs are suddenly created and voila… The new President has turned things around!
I don’t know if this line of reasoning is anything but a trip down conspiracy lane… but I do think that EVERY American should remember that regardless of what the press tells us, and regardless of what the Oil companies tell us…
There is no direct causal link between the cost of a barrel of crude, and the cost of gasoline at the pump… At least not anymore.
When the Oil Barons are testifying before congress and poor mouthing that they have no control over the prices of fuel, I pray to GOD that at least one congressional committee member has the balls to stand up and call BULLSHIT right to the Oil Executives faces on CSPAN!
What would be even better would be if the Oil Executives were clapped in Irons and dragged out of the hearing chambers for lying to congress.
Hell I’d PAY to see that!
Occupy Wall Street should be Occupy EXXON, British Petroleum, Atlantic Richfield, ConocoPhillips, and all the other bastard Oil companies as well as Wall Street futures traders…