Thursday, June 5, 2008

The Oil Law of Supply and Demand

You know: Demand drops and prices go UP?

BEND and SPREAD, Americans!!!!


"Oil drops to $122.30 on lower gas demand"

NEW YORK - Oil prices extended their drop yesterday from record highs, falling to around $122 after the Energy Department said gasoline demand fell sharply last week.

Retail gas prices, meanwhile, rose to a record above $3.98 a gallon and are likely to hit $4 in coming days, although oil prices have retreated nearly $13 from last month's record.....

Prices are likely to reach $4 for the first time regardless of what happens with oil prices, said Fred Rozell, retail pricing director at OPIS, which is based in Wall, N.J."

And the oil companies will pull down record profits again.

Good thing you got a gas chaser for that bowl of shit you are eating, 'eh, America?

Talk about being fucked over a barrel.

This is outright assault and rape of the American people -- and the shit train just keeps rolling!!!!