Friday, August 18, 2006

It it time to call BS on BIG OIL?

About a year ago, here in GA, we had quite a SNAFU. Katrina came through the gulf and appearently messed up all the oil pumps. To top that off, the were shutting down the gas pipeline to GA.....and then all hell broke loose. Gas prices went up, people were panicing...lines of was the early 70's all over again. And prices never dipped below the mid-$2 range after that. forward...last month the crisis in the middle east kicked up a notch...gas prices were the highest they'd been since the year before...and what happen? Corrosion in the alaska was built up to be a really big problem with no resolution in view untill early 2007. People expected prices to go up.....yet what happend?

Here in GA, the current average is about 2.83...about .20 cheeper than it was two weeks ago. What have I missed? Did the prices drop...did they fix the problem...are we getting oil from another location. Sure, I know OIL is different from actual gas...but still..what the hell?

Getting to the point, I think last year's pipeline cutoff may have been a test....a test to see how the public would react if the supply was cut off and how far they could push the prices before Joe Average is firing off headshots with an aluminum bat like Sammy Sosa. Maybe they didn't have to cut anything off....maybe the prices didn't have to go up. How is Alaska different? Well, oil line for one...but it also feeds the country, I'm guessing. I'm no expert, mind you...

But the point is that if in one part of the coutnry you have a pipeline that gets cut off and gas prices go through the roof...why wouldn't they do the same when you have an OIL line feeding the continental US? Prices went DOWN, too boot.

So, yeah, I'm calling BS on that thing last year. I may be wrong..and I'll admit to it if I am..until then...BS!!!


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