I like the way they have started telling us gas is a bargain at three four five bucks, whatever it's going to, because they pay way more overseas. That don't put the postman's feet in my dog's belly.
they say that we are paying what others have paid for years, so what's the big deal. it is a lie. European consumers have paid $4 and more at the pump for years, but over half of that was taxes. The taxes are funds that stay in the society doing good works, the individual was paying out $4 for gas but the society was paying roughly what were were paying at the time. For us now almost all of that $4 is pissed away, it is handed over to the oil producing nations, the oil companies and the speculators. As the supply continues to move below demand the speculators in particular will suck more wealth out of the economy, the correlation between the shrinking excess capacity and price is exponential. We are paying for the nutty program of deregulating energy markets, this will being America to it knees and it might possibly bring about economic revolution. Capitalism is now on very shaky ground, I look for globalization to fall for sure, and for capitalism to at least become more more regulated, at least to the level that it was in the New Deal. I don't count out the possibility that capitalism will fall completely to socialism.