Wow what utter nonsense
Oil in excess of 100 a barrel ~ yet we have an oversupply of oil here in the western hemisphere ( not to mention elsewhere in the world as well) ~ but that doesn't seem to matter ~ because oil is being manipulated up.
Despite civil unrest ~ Libya still managed to distribute over half of its daily distributable oil to southern europeans and some chinese clients, yet when compared to the total world oil supply and demand it barely matters except that our economy and way of life is addicted to oil and subject to the whims of the oil market makers and than subject to the whims of the refiners, and than we are subject to the whims of those in government who decide to take a share, so they will jack the prices up as much as they can, and a vicious cycle starts with all the prices going up because it will be more expensive to move goods and make products based up oil, gasoline prices will spike and should there become a disruption at the limited refiners, expect yet another crazy spike.
Despite what they say, there is no good reason for oil to be as expensive as they are pricing it ~ there is no supply or demand imbalance ~ only poor world leaders who are manipulating actors upon the stage.
Only crazy black swan fear mongering.
So okay you may ask LORDZ do you have a solution ?
Yes I do...
Yes I do...
We need to start converting the entire fleet of US heavy trucks off of diesel and gasoline and convert them to using liquified natural gas ~ which is cheaper ~ cleaner ~ and in crazy over abundant suppy right here in our own country.
Than after some infrastructure is built up to supply natural gas to vehicles ~ we need to offer natural gas vehicles to anyone and let the market decide or at least offer us the alternative.