TRONZ
Well-known member
Had an interesting "chat" with my neighbor while washing the LEAF today. I like the guy and have known him for 10 years but he has definitely drunk waaaay too much Fox Koolaid. Anyways, he seemed to think that there was currently a SHORTAGE of oil and that was why gas was $4.65 down at the corner... we needed to drill more... now... Obama is a socialist, terrorist, death panel overlord who wasn't even born in this country, blah, blah, blah. Yawn.
So
He seemed really amazed when I showed him that U.S. oil inventories were generally in the same range over the past few months and had even increased recently. Nothing to warrant $4.65. The retail price being paid at the pump was from only the "IDEA" of an oil shortage! Which led me to the big question. With a very real $4.65 price from just the IDEA of an oil shortage, what will gas prices be during an ACTUAL oil shortage??? He did the perfect 1000 yard stare.
So
He seemed really amazed when I showed him that U.S. oil inventories were generally in the same range over the past few months and had even increased recently. Nothing to warrant $4.65. The retail price being paid at the pump was from only the "IDEA" of an oil shortage! Which led me to the big question. With a very real $4.65 price from just the IDEA of an oil shortage, what will gas prices be during an ACTUAL oil shortage??? He did the perfect 1000 yard stare.