alajac

Theoretical Declines of a Bursting Oil Bubble

as I point out in my comment above, the price rise of oil was totally logical and totally contrived.

here how to fix it.

If we are serious about wanting to get the USA to kick its `crude (oil) habit`, we need to have Congress add on a 10% surcharge at the gas pump (bumping it up another 10% every six months) and rebate the surcharge revenue in monthly equi-dollar amounts to every registered car OWNER, regardless of how much or little they drive. That causes the biggest oil consumers to subsidize everyone else with no BOTTOMLINE cost to taxpayers or consumers. The surcharge will incentivize cheaper alternatives to rapidly become apparent and we will soon thereafter implement and use them, no government mandate required.

Theoretical Declines of a Bursting Oil Bubble

Countries that produce oil will ramp up production under the table to keep the same dollars coming in that they were getting when crude was priced higher. The lower the price goes, the more they will cheat. Saudi cost is a couple of dollars per barrel, that gives them lots of room to still make a buck. Knowing that times are changing also gives them incentive to sell as much inventory while the selling is good. next week we could have some scientist figure out how to harness fusion. The oil cos are in no hurry to find more product, thats why it looks like we are running out. Same situation has existed for the last 60 years, yet they always find more when they need to. They are just not sure this time if they are going to need to.


The invasion of Iraq, besides obviously being fought to make as much money as possible for defense contractors, was also a war to keep Iraq from pumping their oil in order to get the price of oil as high as possible while the selling was good. MISSION ACCOMPLISHED!


Every action the Bush Adm has taken has been designed to hike the price of oil and keep it up as long as possible. That`s what Dick Cheney was telling his secret energy commission team ``Heres comes the big profits we promised you guys!``


I`ve been saying ``$20 before $200`` since mid-July. Now I know when we will get to $20. In Nov.of 2012. Thanks.