Quote:
Originally Posted by bac n black
There is a Railroad commercial on TV that boosts 450 miles on 1 gallon of gas, its just another excuse for everyone in every industry to raise prices and our GOVERNMENT allows them to get away with it. The very freedoms that made this country great are going to put us all in the poor house. By the way I served in the military for 20 years, I am Red, White and Blue as anyone who loves this country, but something must be done and not just with the gas prices.
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Ok once again.... the freedoms that made this country great are
not the cause of our current problems or high gas prices. How could they be, since very few of those freedoms still exist?
Oil is expensive because the value of the dollar has been destroyed. The dollar is a fiat currency (not backed by anything tangible such as silver or gold) and all fiat currencies eventually collapse. There is nothing to stop the federal reserve from printing unlimited dollars to fund our ridiculous foreign policy and social programs that we cannot afford. Since the dollar is not tied to silver or gold, the Fed doesn't have any constraint on how many dollars it can print. What happens to
anything if you flood the market with it? it's value decreases. That's what is happening to the dollar, and the Federal Reserve (which is not Federal at all; it's a privately owned bank) is to blame, not private enterprise or what's left of our freedoms.
Obviously that is not the
ONLY factor in higher oil prices (general turmoil in the middle east and increased demand from China factor in too) but it is intersting that since 2001 the price of a barrel of oil has risen
319% in dollars but only 92% in Euros.
Oh and ExxonMobil's record profits? Yes they made a lot of money; but that is because they sold a lot of gasoline. Their profit margin was only 9%, which means if they made
no profit at all gas would only be about 9% cheaper; almost every other business I know of (certainly the company I work for) operates on a much higher profit margin than 9%.