66 "The Rise and Fall of Gas Prices"
Speculation is not the only cause. Try GREED.
The Rise and Fall of the Gas Price
There have been so many articles about gas prices and where people put the blame and point fingers. One place to point the finger is at our own gluttonous was for letting ourselves become so dependent on gas and so willing to buy vehicles that are genuine gas hogs.
There are so many excuses and reasons for the increases in gas prices, and now they are blaming it on speculation. Naturally, anytime the speculators predict that oil prices are going to go up, that affects the stock market, and we all know the stock market controls the economy. But, as soon as they speculate that the oil prices are going up, the price of gas goes up. And if you stop and think about it, the current gas being used at the time the gas prices go up is gas that was produced with lower oil prices. That’s one place we are getting the shaft. Then it takes forever for the gas prices to go down once the price of oil drops.
But where I personally, (and that is why I am writing this article, is to state my personal opinion) place the blame is on GREED. When oil prices go up, for any reason, why can’t the big shots at the top in the oil companies take a cut in their pay or bonuses or whatever instead of passing the increase on down to the people who are already having a hard time making it from one day to the next?
Some will say that these people deserve what they get because they worked so hard to get where they are. I don’t agree with that view either. I would be willing to bet that most of them got their through an inheritance of some kind. Whether it was inheriting a company or money to put them through college, they got where they are by some means other than hard work. I would be willing to bet there are not very many of them that are bringing in those big bucks that really started out actually working in the oil fields or on any kind of labor required jobs. And those of us, that do actually work, are always lining the pockets of the ones that have the power to do something for the little people that keep them up there.
If they want the high pay and bonuses then they should be doing something to keep the oil prices down. If they were hit wit with financial cuts or reductions every time oil prices went up, I would be willing to bet we would see a lot less fluctuations in gas prices.
This is true with any big business, but a lot more noticeable with the oil companies and their heads.
Now, like I said, this is all my opinion. I am not asking anyone to agree with me. You are welcome to give your opinions too. I like to hear all sides of the story.
Greg
