Thread: Price of Gas
View Single Post
Old May 29, 2008 | 07:16 AM
  #21 (permalink)  
Illegal Machine's Avatar
Illegal Machine
Forum Regular
Joined: Jan 2008
Posts: 430
Likes: 1
From: Houston
Default Re: Price of Gas

There is no oil shortage. The big oil companies aren't driving up prices.

This all because of the speculative futures market.

See what's happening with the housing market? Same deal. Prices go up for no real reason, eventually the bubble bursts and prices will fall. People will reduce their consumption of gasoline, prices will drop and these oil companies will take huge losses that will offset the massive profit they are making now.

WE NEED the prices to go up. Just watch how crazy fast hybrid/electric technology will grow over the next 2 years if prices continue to rise. Its going to be awesome.
 
Reply