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 - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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