If you're like most people, you probably cannot understand why gas prices are so ridiculous, and continually escalating. A natural gut reaction is to assume the oil companies are just being too darn greedy. Perhaps you buy into the media sensationalism and blame the crisis in Libya for affecting oil supplies.
Well, the bottom line is, both assumptions would probably be wrong. You see, oil is just too juicy of a commodity. It has nothing to do with supply and demand (yet). It has everything to do with the financial market for the oil. In other words, investors and speculators who in essence bet on the performance of the oil exchange-traded funds, or even the swing of particular oil stocks who are actually ratcheting up the price of gas. Make it look scarce, prices go up. Oops, it's not scarce, prices go down. Lots of money to be made on either play if you know what you are doing and get the timing down right.
The average Joe, he is just a dumb cluck who doesn't know he is getting played. I'll admit, the world does have a major problem ahead with our super-dependence on oil, but that does not affect the roller-coaster of current prices looming out of control. Like many hardworking or out of work families don't have enough to worry about just putting food on the table or keeping their home right now!
The "players" need to get a social conscience and think a little about their fellow man. Not everyone knows how to or wants to play the game. Some of us just want to be able to earn an honest living the old-fashioned way. Work for it.
-Lady Fi
Kathy
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