5.23.2008

Speculation drives prices through the roof; US Congress drags feet for eight years

A shameless plug for myself...

Ever since we passed the psychological barrier of $100 a barrel, it's been pretty much a runaway train. The Peak Oil theory doesn't really explain how gas prices can jump ten cents a gallon in one day. The thing about Peak Oil is that it's a long term geological problem, so there must be another gremlin in the works here messing with the day-to-day prices, you know? I think it has something to do with these happy, happy guys. I mean, they are having a damn good laugh.

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