Friday, October 3, 2008

Why is Gasoline *still* really expensive?


OUR OIL SUPPLY IS ROCKIN'.
Right now, the world is pumping & transporting more oil out of the Earth than ever before. Extra sumpin' special from Saudi Arabia, fresh spickets in Iraq, offshore American, Venezualan and Indonesian rigs doing their part -- we're talking about A LOT of oil, folks. A lot more than ever before in like -- all of history?

Therefore "supply" in supply and demand is in check.

MY PERSONAL OIL DEMAND FALLING.
As a creature of habit, I've always tanked up $20 since 1989. For years, it'd fillerup. These days -- the same $20 yeilds less than a quarter of a tank in my SUV.

No more quick joyrides to the beach for the weekend or a spontaneous evening trip to Atlanta's Starlight Drive-In for a double-feature. I simply drive a whole lot less.

My "demand" for gallons is down. As it is for millions of others around the world.


Then, why is gasoline still so fricken expensive? Have we forgotten how to transport or refine it? Nope, profits are up. So what is it?

I'm no "Caribou Barbie" or "energy specialist"... but could it be that our friendly American gasoline peddlers are acting a bit greedy and self-important at our expense? Or is it time to live a simpler life? Imagine how we might treat our own neighborhoods if we spend less time speeding to the edge of it...

?seanrox


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