Wednesday, January 24, 2007

Gas at $5 per Gallon

Who's stockpiling oil now?

The Bush administration, followed by China, India, etc. Why?

``For too long our nation has been dependent on foreign oil,'' President Bush said in his annual State of the Union address Tuesday evening Washington time. ``This dependence leaves us more vulnerable to hostile regimes, and to terrorists, who could cause huge disruptions of oil shipments.'' here

Here's Bush's hedge against the turmoil in his (crazy, illadvised, neocon) upcoming Iran invasion... Add to that the recent "Go to hell" comment by Chavez (Venezuela would have been another source of oil) and there you have it.

PS - They also tested the American tolerance for higher prices over the past 2 years and, well, American consumers aren't too troubled by $3+ per gallon gas, so we predict sometime soon gas prices will hover at around $4 per gallon, on it's way to $5 per gal.