Wednesday, April 27, 2011

The High Price of Gas

The high price of gas got you down? How about a loan or second mortgage to fill up the old jallopy? You could pawn your wedding ring or your wifes jewelry or cash in your kids college fund for a few gallons.  Hey! That's not funny, it's getting too close to the truth.  Let's see why the price has gone up so much. The U.S. Dollar has lost 40% of it's value in the last 10 years for one thing, then there's the Obama moritorium on drilling for a year and new rules by the E.P.A. that make it harder to drill for oil  and refine the gasoline. Some of the other problems I see are the speculators who foresee prices higher in the months ahead because of China and India using more oil as they're economies get bigger.
Then the problem of the Feds printing money to pay down the debt brings the dollar value down even more.
As Bill Clinton said, "It's the economy stupid!"

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