Friday, March 9, 2012

Thoughts on Gas and Oil Prices

Gas prices are climbing and people are not happy with the current administration.  So, who controls the gas prices? Many people agree that it is due to the price of crude oil from the Middle East.  Well, why would the Middle East want Obama out?  After all, the Republicans are in favor or using more of our own oil reserves and less of the foreign reserves. Obama, he wants us to end our dependency on oil altogether.  Which is more dangerous for the Middle East? A reduced market (Republican platform) or no market (Democratic platform)? Obviously, they want Obama out.  The oil suppliers of the Middle East have plenty of money and time. They can wait... as long as we still depend on oil, they have a chance. On further thought, this reasoning also holds for our own domestic oil companies.