Here we go AGAIN. Oil and gas futures are on the rise...again. And soon, the commuters will feel the squeeze as it nears $3 a gallon. Several things are prompting the increase. 1. overall shrinking supplies as the weekly inventories just came out today, gas dropped 1.9 million barrels however crude oil was up 1.4 million barrels. 2. Tensions from Iran and Nigerian violence. 3. Oil refinery fire in Texas last week. 4. Speculation and prediction of increase demand as the summer season nears. And what's worst, should we have another major hurricane slam the west and central gulf coast causing gas to soar past $4. Great concerns loom on the horizon the next 6 months.
Your Commodities Man,
George
Sorry, I don't believe a word. This is all propaganda from our own government in concert with Saudi Arabia and other oil producing nations, including Russia, to keep the price of oil high and profits through the roof. Your elected officials have their hands in all of this as their pockets get stuffed with some of this Big Oil Money that flows as freely through the Chambers of the Capitol as crude oil flows through the pipelines in abundance.
I've been telling my Car Concerns audience for some time that because of the elections this past November and the change of power in the House and Senate that they can expect this spike that is taking place now in fuel prices simply for the reason that this administration will not let the voters know who has the final say.
Bush is the most unpopular President in history and he accepts that. He got his two terms and we are paying for it. Now you and everyone else is going to pay and that is pay-at-the-pump because that is where he and Dick get most of their under-the-table money...BIG OIL!
Let's not even talk about the deficits that This White House is going to leave us with.
Harry Douglas
Car Concerns
harry@carconcerns.com
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