$3 per gallon gasoline is not cheap.
+$70 per barrel oil is ridiculous.
There is no oil shortage.
We might run out of oil someday, but not today.
There's actually an oil glut.
The record high prices are due to speculation and market manipulation.
At this point, I'd be looking to short oil, because there's plenty of supply to meet demand.
By the way, I don't drive a truck, I drive an Oldsmobile. I do support the troops, and I'll complain about the too high gas prices as much as I feel like it.
What's your reference?
"+$70 per barrel oil is ridiculous."
Reference?
" There is no oil shortage."
Reference?
"We might run out of oil someday, but not today."
$70/bbl says you're right.
"There's actually an oil glut."
With respect to what reference?
"The record high prices are due to speculation and market manipulation.
The speculation regards the fuzzy particulars effecting future availability in the midst of rising demand. Market manipulation is psycho babble, otherwise present your findings to the DOJ.
"At this point, I'd be looking to short oil, because there's plenty of supply to meet demand.
Your reference is missing and if you really had the oil to short(BS walks, money talks), there'd be plenty of buyers.
"I'll complain about the too high gas prices as much as I feel like it."
Feelings aren't valid currency in the market and generally aren't appropriate to economic theory, or rational discussion of economic reality.
Instead of looking, why are you not making money on this information.
An oil glut? Says who? If its speculation then what are you worried about? The price will soon come crashing down to meet reality.