It's the "I got it and if you want it you'll pay my price" scenario. As long as the fuel producers and goverment can maintain solidarity, the price can stay artificially high regardless of supply. No free market dynamics at work here. At this point the fuel producers can sit out a low demand period. They know eventually your going to need their fuel to 1) keep warm, 2) get to work, 3)turn a light on, etc. Those threatened boycoots of not buying gas for a day were quite the joke. The fuel companies get the tanks filled up so there's plenty available for people to get filled up just before the boycott date, everybody get's a warm fuzzy feeling by 'sticking those greedy oil companies' by not buying gas the day of the boycott, and the next day it's business as usual only fuel is a few cents more expensive to cover the 'losses' incured. OPEC's biggest concern last year was the high price of a barrel of oil, why? BS like that is bound to force a 'tipping point' where people finally wise up and decide they don't need to make that special 20 mile round trip to Wally world because they have a widget 'on sale today only'. Sooner or later people decide maybe they don't want that widget, and if they NEED that widget, they can save even more by just picking it up at full price during a planned trip that includes several other stops. Conservation is not a bad thing! It only requires using you head for something other than a hat rack. A little thought and the average household could easily reduce their fuels consumption by 10%. If that were to happen it would prove deadly to the fuel producer's bottom line. The 'enviromentalist' song and dance is also Bull. Sure they have a lot more crap than sense so everyone hates them. Who then is better to be blamed for 'not being able to drill in a certain area' due to enviromental concerns. In actuallity the drilling is not done as it would produce more available fuel in an already flooded market. If the milk market were run like the fuel market, what few farmers there are left would be doing ok. You can bet if the goverment decides to throw your sorry butt out in the street and drill a well in the middle of your kitchen floor 'for the common good' you may as well stand back and not get hurt as only God himself will be able to stop them. Beginning to understand how GREED works in a free market yet?
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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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