Tag Archive > oil prices

Check The Oil

Snakebit Sam » 07 August 2008 » In Editorial » 12 Comments

Sign of the Times

Yes this sign says it all. Even though gas prices have fallen recently we’re still paying at record levels for the precious go juice. All (supposedly) because of the price of crude oil. Now in this election year the candidates are debating whether to allow off shore drilling to increase the amount of oil available. They say this will make gas prices retreat. In MY opinion I doubt it very much. Big oil will just do the Texas T Two Step; two steps forward, one step back. Raise the price until everyone complains and then partially roll back price. We feel better but they gain another foothold for the next price increase. I think all letting them drill offshore will do is increase the supply of oil that they’ll price gouge us with.

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