What the hell is Frist doing???????
"What the hell is Frist doing???????"
Same thing Teddy Roosevelt did 100 years ago. Calling the price-gougers/fixers(trusts back then) to account.
We now know that what we've been told since the spring when prices spiked up was utter bullshit. The oil companies told us that their price at the pump merely reflected the higer demand and increased cost of crude and the resulting higher price to refineries. The prices spiked further during short interruptions in supply caused by two major hurricanes.
Well, you can't have it both ways. If the $3.00/gallon price at the pump was merely a reflection of cost, how the hell did they make profits of 75%?
The quicker we move away from oil-based fuels to a hydrogen one the better. We won't have to give a damn what some raghead in Oman is thinking today, worry about the effects of storms on our ability to fill our gas tanks or about the frigging Chinese economy's demand for energy ratcheting up prices beyond toleration.
Earlier this week the Saudi oil minister was quoted as saying that he thought with all current factors considered, the natural price/barrel should be $30. No doubt he sees a time coming were an ever increasing number of cars will powered by hydrogen fuel cells and the price of crude oil and the revenues of Mideast countries sinks ever lower, never to return.
Dreaming that someday he will be King?
It is simply and utterly amazing to me that a man so ignorant of simple economic priciples of Capitalism could be lifted to the highest post in the Senate.
He has truely earned the nickname "Limp Frist".......