From Forbes.com (sent to me by a good friend)
Panic is in the air as gasoline prices move above $4.00 per gallon. Politicians and pundits are rounding up the usual suspects, looking for someone or something to blame for this latest outrage to middle class family budgets. In a rare display of bipartisanship, President Obama and Speaker of the House John Boehner are both wringing their hands over the prospect of seeing their newly extended Social Security tax cut gobbled up by rising gasoline costs.
Unfortunately, the talking heads that are trying to explain the reasons for high oil prices are missing one tiny detail. Oil prices aren’t high right now. In fact, they are unusually low. Gasoline prices would have to rise by another $0.65 to $0.75 per gallon from where they are now just to be “normal”. And, because gasoline prices are low right now, it is very likely that they are going to go up more—perhaps a lot more.
Read the rest HERE
Another case of the facts getting in the way of someones agenda. Didn't you watch the Republican debate? Its purely Obama's fault gas prices are so high! Never mind is was a dollar higher during Bush's last year in office.
ReplyDeleteGood read.
Even with gold being so "high" right now, if you understand this article you must understand the need to change your fiat dollars to gold now.