Gas prices have ruled the year. The price of gas has caused Americans to actually reduce the way they drive and the distances they drive. The thought of carpooling (once a disdained idea) flourished and the lost art of walking was found. Asian car companies smiled as their fuel efficient hybrids and gas-powered cars became all the rage.
But, what was the real reason for the high price of gas? We first heard there was a shortage, then we need to do more offshore drilling, open the wildlife preserve in Alaska, use less fuel, use other fuel sources....every option seemed to ignore the fact that speculators were sitting at their keyboards clicking the price of gas up, up, and away!
Now, those same speculators have become spooked. Something spooked them and they are now selling those contracts that they never really owned to begin with...Many people disdain government regulation on capitalistic ventures. But, when it bleeds your country's citizens dry, when capitalism need to be put in check?
About Me
- Tempting2Taanzaa
- I am 42 years old and 1 1/2 years away from retirement. I am a late blooming college student that is at the halfway point to a bachelors in accounting. After retirement I intend to substitute teach to supplement my income until my graduation. I intend to continue higher education part-time and hope to enter graduate school soon after graduation.
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