Big Oil Sticks It To Us Again
If you don’t believe OPEC and Big Oil are in bed setting gas prices, maybe now it’s time to wake up and smell the roses.
Once again we see the fact that OPEC and Big Oil are responsible for price fixing and price gouging. The amazing thing is some analysts are actually trying to blame us, the consumer for what’s going on. I just heard a CNN news story trying to explain why OPEC has decided to cut oil production. The so-called expert said — “No one educated the consumers when it came to conservation. Consumers were told to cut back which would effect gas prices. But, since consumers cut back, OPEC now has to cut back on oil production.”
Say what!? Do these people really think we the consumer are that stupid?
Give me a break. First off, the so-called expert is, in the words of Bill O’Reilly, a pinhead! Where do they dig these guys up from? I have a feeling he could very well be in the pocket of OPEC and Big Oil. To say it’s the consumers fault is stupid, and insulting. Secondly, CNN should be embarrassed for even airing the guys comments. Come on CNN, you should be better than that. Why would you suggest the consumer is stupid? Are you suggesting your listeners are stupid and will actually buy that trash?
So, what exactly is going on?
If you haven’t heard, OPEC has decided to cut oil production. The headline goes like this – Oil Prices Continue Slide As OPEC Cuts Production – The cost of oil per barrel fell to a five month low yesterday closing the day at $103. Less than two months ago, oil was going for above $147 a barrel. At that time some doom-and-gloom forecasts said it could top $200. Well, those so-called doom-and-gloom forecasters were probably in the pocket of the speculators trying to drive up the price of oil so their bosses could make big bucks on the backs of us, the consumer.
But now, since consumers were feeling the pinch and decided to not spend all of their paycheck at the gas pump, consumption went down, especially when gas prices went over $4 a gallon. When prices started slipping Big Oil started trying to drive the price of gas back up again by predicting that a stormy hurricane season would shut down oil production in the Gulf of Mexico. As we now know, that didn’t happen. Once again, forecasters in the pocket of Big Oil trying to drive the prices up, failed to do so.
Now, since many have said stop sticking it to us at the pump, consumption is down. Of course, as we know, it’s called the law of supply and demand. When demand goes down, prices go down. So, in the face of gas prices dropping, and of course Big Oil not lining their pockets with our money, they teamed up with OPEC and decided it’s time to cut back on oil production.
That’s right folks…once again, OPEC, Big Oil Execs, and yes even the government, have decided to keep sticking it to us at the pumps.
Just my two cents,
Dr. Rus
