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Keyword: gasolinereserves

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  • There's No Such Thing as a Gas or Oil Shortage

    04/07/2008 8:52:00 AM PDT · by Tolerance Sucks Rocks · 75 replies · 1,764+ views
    MoneyNews.com ^ | April 3, 2008 | MoneyNews.com
    First the good news: Automotive expert Ed Wallace says there's no gasoline or oil shortage in the U.S. today and near-record reserves are on hand. Now the bad news: Not only has the congressional mandate for ethanol jacked up the price of food, but Washington, Wall Street and fuel producers all want you to think the gas and oil shortage they keep talking about is real. Washington, Wallace says, appears to be protecting oil speculators and ethanol producers rather than the interests of U.S. citizens who will ultimately pay higher prices for food and U.S. farmers, who are already staggering...