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Why gas is $5.00/gal
On 22/04/2011 9:00 PM, Wayne.B wrote:
On Fri, 22 Apr 2011 18:20:57 -0700 (PDT), wrote: On Apr 22, 4:31 pm, wrote: Of course Obama blames "speculators" because that is ALWAYS the reason why gas costs anything. It is a bit like saying the sky is blue because it bluish colored. However, what Obama actually means is that in this context, "speculators" is a code word for "reaql Here's a reasonable explanation why: http://www.helium.com/items/2143049-...-costs-so-much Let's not try to confuse them with the facts. They won't appreciate it, and they're confused enough already. One thing is for sure however - $4 gas really stings when you're filling up a runabout or pickup truck. Apparently Amex has a $85 limit on card purchases at the pump. I got cut off the other night a few gallons short of a full tank. Learn something new every day. :-) I have the advantages of being a teen in the early 70's and well groomed on money as our family was poor...want a bike, deliver papers and save because we couldn't get a credit/debit card... Taught me money is a depreciaing asset too, saw a house bought for $13K and sold 11 years later for $49K....inflation. Was the same house with 11 years of wear, go figure. Same crap is happening today for the same reasons, government is making too much no-value money and diluting the currency. All for statism-ponzi-debt spend. Simple as ABC. So if you don't like real-estate unless it is primary residence, so I buy oil, gold, and other commodities to hedge inflation. Ya, they are doing this in Canada too, $100 limit per fill. What a PIA as I have a F150.... Cost isn't a big deal, a litre (about a quart) goes up 10 cents, my stocks probably went up $20k more more. And eventually as inflation bites, the dividends will go up too. -- I can assure you that the road to prosperity is not paved with fleabagger debt. |
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