From Sept. 20, 2012, Bill O'Reilly "Where's Our Energy." Thanks to Bob for sending this along to me.
When Obama took office, we were paying around $1.84 for gas. We are paying a touch more for it right now. I filled up earlier today in Lake Geneva, Wisconsin, for $3.86. Yesterday, it was $3.90 in Fox Lake, Illinois.
According to O'Reilly, oil companies watch the world speculation market and "if the traders are bidding the price of oil up because Iran misbehaves or something up goes the pump price." Of course, I do not think they're just watching the bidding, but participating in it.
OPEC raises prices every time the U.S. pumps dollars into the economy. "Last week, the Fed released $23 billion into the market place, hoping the cash will spur lending to the banks." Of course, all this does it makes bank folks' bonuses much, much bigger as far as I'm concerned. And, of course, I think that every time OPEC raises the oil price, the price of anything they get from us should go up immediately by a like amount.
"Obama loathes the fossil fuel industry, and does everything he canto inhibit production." He should be forcing an increase in production to help those of us who can't participate in the big money interest and profits that the really rich can get. That means, and pipeline should be encouraged and Big Oil should be opening more refineries.
We Need a Break. --RoadDog
This isn't funny so no last thoughts today.
Being an account of some things I'm interested in, what I'm doing, and reflections on my past, especially music.
Listen to this man. Seven years of college, you know. Trying to reason with 2020 and, now, 2022.
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