Last month I was asking people this question " If oil is 90.00 a barrel . why isn't the price of gas going up ? " most people just shrugged . well reality is creeping in . the price is starting to go up . speaking of reality and i know it is a delicate subject in the land of plenty .
Geo. Bush announced at a press conference. that the price of gas is to high and that he was going to work to bring down the price of gas for the American people . this is where reality comes in . the American people may not understand the oil situation , but the people who produce oil do and they know that we have reached peak oil production . going forward, demand is going to be higher than supply. it is inevitable that the price of oil and gasoline are going to go up .
no one has ever been able to break the law of supply and demand for long . Not even Geo. Bush . Reality always comes in to balance it out . Speaking of balance . The oil companies despite their carefully groomed public image . Have not been investing in new drilling equipment , refineries or people to do the work . It is such a drag on the balance sheets .
Putting all this together . How than do the oil executives find new profits if there is not as much black gold coming out of the ground ? The answer is simple . Short the supply . Make sure it is readily available but keep inching up the price . See being an oil executive is easy .
The American public shares some of the blame though . We all knew this was coming . Did we demand our government do something besides talk about the dependency on foreign oil problem ? Did we demand any steps towards real conservation of resources ? Do any of the politicians running for president have the guts to talk about the harsh realities that are coming in the next 5 years and what we are going to have to do and what we will have to "this is the delicate part" Sacrifice . The answer is a very loud NO .
It is going to be a very interesting future . the politicians like to talk about the innovative spirit of the American people . Well we are going to need all of that and a lot more . Most of all we are going to need elected repersentaives who will be able to make the tough decisions and make them work . We are going to have to realize we are all in this one together . Weather we like it or not .
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$ 90.00 a barrel is only the begining. What your witnessing is the oil companies stepping back and asking the question, “How bad do we really want to drive our cars” They know the price will have to stop somewhere but why stop the rise now when there hasn't been any reason to. Do you know anyone, and I mean anyone in the world that you've have had a conversation with, that has actually said, “I'm driving less because of the price of gas”. I know the answer to that is no. I can answer that with a no also. We are not affected by the price enough yet to have the oil companies worry about it. There are plenty of profits sitting deep in your and my pockets still remaining to be tapped. Gas is the biggest American drug and were all addicted to it. It's going to take a lot more that $ 4.00 at the pump to change our habit. I hope it doesn't change to fast because I'm still looking forward to buying one of those 2009 Camaros! Steve
Steve Palozzi
Creative Director
McElveney & Palozzi Design Group Inc.
Phone# 585-473-7630
i think the whole idear is plane stuped. gas prizes are goeing up becuze of the alien invashun that is goeing on in portley, portley Oregon. but if you feel its because of neo nazis standing at the gas station then you probably are hitlers best friend!!!!!!@#!#$@#$!@#!@~~~~~!
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