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Gas Prices
Gas Prices are too high!
Bring The Gas Price Back To $1.99 PLEASE!!!
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(8/3/2009 8:13:48 AM) Gas prices are at least fifty percent taxes. And all this talk of hydrogen fuel, doesn't anyone remember the Hindenburg? And as far as electric cars, these are a traveling box of batteries filled with haz-mat. Our problem is ourselves, and lack of interest in what our government has been up to. Obama is just Hitler in a good suit, |
| - mj dragus |
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(6/12/2008 9:34:42 PM) Though there is a solution to the sudden spike in gas prices, there is unlikely a conspiracy in the spike in gas prices where a cabal is cornering the oil futures market. The present bidding frenzy for oil (like the post Katrina one) though made up mostly of speculators is far too broad as tens of millions of average investors and institutions. These players have entered the markets looking for aggressive but risky growth in passive investments for better or worse in the last 4 decades. FYI the NYSE is at 12,000 points today where as in 1970 it was hovering around 1,000. During that same time frame the population of the earth has not probably even gone up 3 times. This investment capital growth is the bounty of the fall of Communism and the growth of captialism all over the world. This latest market evolution has resulted in a poorly regulated tidal wave of capital that recently fueled the most recent real estate boom and bust cycle in the sub prime market and the dot com boom and bust cycle at the turn of the century in NASDAQ . The solution with oil is to chase out speculators who are not actually taking physical delivery of the oil they are bidding on with a punishing tax (perhaps on a sliding scale up to 500%). The tax could be lifted automatically when the price of a barrel dropped below a preset benchmark, such as $55 to recapitalzie the market it when it truely needs it. Non oil producing European and Asian nations should follow suit in their oil futures markets and the amount of speculative captial swelling the price up will shrrink dramaticaly. There with this suggestion, I have repaid the 12 years of government subized college eduction I recieved from CSUN, UCLA and the Rand Corp. Respectfully yours, Michael Fuss |
| - Michael Fuss |
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