Pocopanda

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    • Wed Jun 25th 11:30 AM | Rating: 0 0
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      Options Trader Thursday Outlook
      Oil is all about supply versus demand.

      It would appear that we as consumers are not feeling enough pain yet with the rising gasoline prices.

      Everywhere I look, I see big gas guzzlers on the roads. They include pickup trucks, SUV's, and Vans everywhere.

      On TV the vehicle manufactureres continue to push horsepower rather than miles per gallon.

      It also must be polictically correct to deny drilling for oil in our own part of the world.

      The explanation is that it would take too many years to develop and bring the oil into production.

      Unfortunately, if this logic is followed, ten years from now our problem will only be greater.

      The solutions as I see it are:

      1. The U.S. vehicle manufacturers should make cars that use less gas per mile. Forget the horsepower frenzy.

      2. The push for hybrid vehicles must increase dramatically.

      3. The push for alternate fuels must increase dramatically.

      4. We must find and develop further oil reserves in our own backyard now.

      We risk being held at ranson by other governments that control oil.
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