
The “officials” of our country are delusional. Literally…
Recently, the Saudi’s agreed to produce 200,000 additional barrels of oil a day to meet the “demand”. This move should help to reduce gas prices…right. The move would be successful if demand were the only issue involved. However, as prices are ridiculous, one would assume that demand has in fact been reduced (in consuming countries). That assumption comes from simple logic.
Astoundingly, the Suadi’s agree with me, how cool is that! In fact, according to King Abdullah, the crappy American dollars, as well as the greedy market players taking advantage of the guaranteed hike in gas prices are the major factors hiking up prices. Both of these assumptions make perfect sense to me however, according to our crackpot “officials” the logic presented is a load of crap.
Our “officials” are citing an increase in demand of developing economies as well as the additional taxes of consuming countries. I am unable to accept the lame argument of the U.S. “officials” in light of everything else our country is currently experiencing. I admit that these are factors in the prices, however; they are minute at best.
It would appear the “officials” are adopting the elephant in the room philosophy. The question is why? Are they pretending the obvious does not exist out of pride, or perhaps they do not want to show weakness? Would it not make more sense to accept the obvious than look like buffoons to the entire world?
Even quasi-intelligent people like me understand that continued talk of wars with Iran, the less than stellar economy, and the pitifully weak American dollar are the real problem. If the “officials” continue to ignore the elephant, I hope they keep their mouths shut. You know something is dreadfully wrong when the King of the country that produces the largest amount of oils says, “There is no justification for the (high)…price(s)”.
Our officials need to focus in another direction to gain control of America’s downward spiral. My next goal is to determine the parallels between our current situation and the downfall of the Roman Empire. I know they are there…stay tuned…
Info derived from http://abcnews.go.com/WN/PainAtThePump/story?id=5221828&page=1 .

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