Oil Continues To Bedevil US Mass Guzzlers
The price of a barrel of oil has shot up to $124 a barrel. Just last year, everyone was fretting and hoping it would drop to under $50 a barrel. That was pure wishful thinking by American oil addicts. Are we still demanding a war with Iran? Yes! Are we fighting more and more in Iraq and Afghanistan? Yes! Is the dollar still being inflated by overproduction via the Federal Reserve's new lending window that doles out $50 billion at a pop? Yes! And is the rest of the planet slowing down oil purchases? Nope. So the price of oil goes up and up and up and Americans are raging at the gas pumps and McCain talks about war, war, war and Hillary wants cheap oil one way or another and will Santa Claus save us and dump oil all over us? The huge sinkhole in Texas due to pumping oil out of the earth is instructive, too. Heh.
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