Posted by jhilyer on May 18, 2011 at 06:36:28 from (168.169.37.135):
Just heard on the radio this morning that the American Petroleum Institute says "oil reserves are suprisingly high" right now. Huh.
Unless gas prices are about to take a "suprising" dive, I'd say that pretty much shoots the law of supply and demand. Seems to me the system is broken.
But I don't blame the oil companies, and this crap about whether to keep tax breaks for them or not is a sham. I can't fault them for making a profit - that's the capitalist system, and it's worked pretty well over the years.
Futures traders, man. Driving the price of oil up. What do you think?
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Today's Featured Article - On the Road with Dave Gohl: Auction Musings - by Dave Gohl. I was thinking the other day about all the auctions I've been to in the last few years. There've been many. Some have been very good, some have been well, disappointing to say the least. But no matter how good or bad auctions may be, we always seem to stay until the item we've come for or are interested in is on the block. I've been to some auctions near and far. I think the furthest has been the Two Cylinder 7 in the Amana Colonies last year. Lots of stuff, lots of people. I've also atten
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