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Trader Wealth
Is there a silver lining to the dark cloud of high gas prices?
If you think that the high gas prices will soon lead the economic collapse of oil and gas companies, Texas and the Middle East as well, because they have forced us to aggressively pursue technologies for alternative fuels that we were happy to ignore when gas was 80 cents a gallon. And it happens. In just 10 years, our Gas powered cars to be the remains that nobody wants to buy. The paradigm of fuel will change. Yes, we will still use oil (for heating, etc.) … for now at least … but the major consumers – the car – go far. And there will be an interest in heating, etc., with the same technology. So what's going to happen in the Middle East where the source of their wealth and power suddenly goes away? Makes me wonder if this is the plan all along. Maybe there is a REASON Bush oil and gas buddies operator pulling the prices up so high to destroy the Middle East source of money? What do you think?
Its really not the greedy gas companies. It is OPEC, which controls the flow of oil. The government makes more money out of a gallon of gas than the oil companies. If we were able to drill in Alaska and build another oil refinery, it would not have these high prices, but guess which political party will not let this happen?