Ok, how about Fox, CNN, and the Senate…
http://www.foxnews.com/story/0,2933,166038,00.html
http://hsgac.senate.gov/public/_files/052008Masters.pdf
http://money.cnn.com/2008/05/08/news/economy/senate_gas_prices/index.htm
I am not suggesting some backroom conspiracy, I’m saying that investment companies have found a way to make money and they’re taking from me. I am also saying that global warming proponents think is a good thing because it’s helping their agenda.
I agree there are people that will pay more for better gas mileage, but there are even more people that can’t go out and buy a new car so they get better mileage. Those people are really getting the shaft in the name of progress.
@Smacktard:
3. The money you pay for gas goes to the gas station, refineries, and oil companies. Oil companies do not pump all the oil they sell. They buy it on the open market from OPEC and other countries. It’s then refined and sold. Exxon makes huge profits, but percentage wise, they’re right in line with other industries- they just happen to sell more of their product than every other company.
You missed a step, the oil companies also buy from investors who are buying from OPEC and other countries. That creates an artificial demand and normally allows for a more smooth process so that demand isn’t constantly rising and falling. However now that oil prices seem to be going up only it’s a runaway train the more that is bought the higher the price goes. From what I can gather, I don’t have a hard current source the world uses about a 100 million barrels of oil a day, I read in one of those sources above that there are over a billion barrels being held by speculators, and the longer they hold them the more their worth and when they sell them the more they can buy again…
I’m not saying that speculation is the only problem or that alternative fuels shouldn’t be developed. I’m saying unregulated speculation is costing me money. I think it’s sad that we are dependant on foreign oil, especially with the technology available. I read last week about an electrolysis generator that can split H2 and O and feed them directly into a cars intake increasing mileage and hp by 15% to 40%. It runs off of the car battery and distilled water. If some one can make and install that in their garage the car companies should be doing something more to increase mpg.