Yeah, well, I'm tired of them hosing me until the time comes that they get hosed.
And this time, they are lining up the suckers for when the price drops, including a lot of pension funds. So yet more people will get screwed by their actions.
These are not complex regulations. The Reagan economic boom operated under then, as did the economic expansions of the 1990s. But we've had major economic problems as a result of lifting too many basic regulations. The world economy is just too interconnected to have rogue speculators inflicting economic hardship on millions if not billions of people.
“Yeah, well, I’m tired of them hosing me until the time comes that they get hosed.”
Seriously, how much are you getting hosed?
Going by what I see crude production actually being sold on, the fair price of gas is probably 75% of the market portion, plus the fixed price of taxes.
Rough justice .75(2.50) + 1.50 (taxes) = 3.38
Actual price = $4 — for a $.625/gallon hose factor
10 gallon a week? $6.25 extra a week.
Say an even $10, just for grins.
OK, it’s an extra $520/year. Big whoop -— just remember when oil was TOO LOW because the Saudis were dumping oil to destroy domestic USA production.
People always forget those days.