Re: Long gas lines
- From: Steve Campbell <SteveCampbell@xxxxxxxxxxxxx>
- Date: Fri, 23 May 2008 18:49:55 -0700 (PDT)
On May 22, 3:12 pm, masonc <mas...@xxxxxxxxxxxxxxxxxxxxxxxx> wrote:
Aren't the long lines of autos waiting to buy gas proof thatI live near Chicago and I'm not seeing lines at the gas station. The
there is an excess of demand over supply -- causing the high
prices? And the rationing of heating oil? And the shortages
of electricity? And look how dark our cities are now, with
all the energy conservation.
Mason C
price of regular gas is $4.15 at one of my local stations, though. Any
attempt by the government to cap the price of a barrel of oil will
cause shortages, however. What we are seeing now is a speculator's
bubble in oil futures that will eventually burst and damage the same
institutional investors who got scorched by subprime loans. Then
Congress will let the taxpayers will bail Wall Street out again. Won't
that be nice?
.
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- From: masonc
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