Solid post from Herding Cats.
Do the math, it starts with futures pricing, which is based on fear
and flows to the tank of my shinny new Honda Civic. Thanks to a bit of
foresight the Civic replaces a 1996 Suburban 4WD, small block 350, 1600
that sucked 14MPG on a good day going down hill. The oil companies are
not our enemy. Any suggestion that our problems can be solved by
"forcing prices down," is a simple indication that the speaker did not
read Adam Smith, or any other economics book.
As Pogo said, "Yep son, We've met the enemy and he is us." - Walt Kelly, on a poster on Earth Day, 1970.
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