Hi folks, As an electric-veteran, for many, many years I am glad that OPEC is finally "cutting it's own throat" by raising fuel prices for petroleum products so high. I'm sad for those whose livelehood soley depends on transportation but; this may convince them all to "shun" the OPEC countries for the "greedy-grabbers"they undoubtably are.
have to agree with you coley.i keep reading of how the government is "thinking " about stepping in to regulate these speculators.i don't know if this is going to help or not.according to the oil companies their profits are sinking due to curtailed demand for their products.meanwhile the speculators are driving up oil prices claiming uncertain supply.how does that work? less demand generally means more inventory,which means less supply is needed,so why are the prices skyrocketing?it is a mystery.....
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