Am I the only one who notices things like these?
Published: June 10, 2009
Updated: June 10, 2009
Everyone blames the banks and all lending businesses for the so-called collapse of the economy. The honest blame should be aimed at the oil companies.
Nothing was wrong with our economy until oil prices rose halfway to the moon, making it hard for people to go to work. Then they had to take their bill money to feed their families in order to survive.
But are the oil companies paying us back? No.
Bush and Obama had a stimulus plan, but what a crock! They give us money expecting it to help, and it does — for a day or two. And now we are supposed to get another stimulus check?
How are the checks going to help if they keep letting prices go up at an alarming rate on everything we need. When I think recession, I think, wow, things are going to go down in price. But no, it’s working backward for some odd reason.
The biggest thing is, our government is letting the oil companies ease the gas prices up again; so if you’re expecting things to get better, I see bitter disappointment ahead.
We all need to complain to our so-called leaders. I think I’d rather have a non-educated man with common sense running this country than a book-taught, ruthless person who has never had to worry about real life.
Harold McPeak
Culpeper
Advertisement
Reader Reactions
You guys are funny, supply has not increased and the demand is down. The oil companies aren’t getting rich, but look at anyone who is involved in oil futures. Those are the people who are responsible for the price at the pump. Yes the government could step in but honestly, do you want them to regulate it? Greed is the culprit but look at your neighbor or other investors. Don’t blame the oil companies, we need common sense and a conscience
But is the supply and demand real? Based on the percentage of the drop from peak prices to prices today would mean that over 50% consumption magically disappeared. Now lets add in the OPEC cuts in production and that percentage is higher. The world economy is bad but not that bad. Do not be fooled. Prices are manipulated.
I guess McPeak doesn’t understand a simple business concept—suply and demand. We demand and the supply shrinks and price goes up. We cut demand and producers cut supply thus keeping up with demand and plan to increase prices. It’s not rocket science and I am not book-taught.
Mr. McPeak writes: “The biggest thing is, our government is letting the oil companies ease the gas prices up again; “
Are gasoline prices regulated by the govt?
What’s wrong with book-taught? Or a woman for that matter?
Advertisement