People are going crazy over gas prices, talking about how low it can go. I’m wondering about how low it can go. Sure it’s looking great right now, but you have to wonde how long those of folks at OPEC will let it keep dropping. The reason I would suggest this is because of the great hugs and kisses the U.S. gave out to Venezuela and Iran at the General Assembly. Chavez didn’t sound too happy when he called Bush “the Devil”, and I don’t think Iran was too pleased with the talks directed at them over their uranium enrichment program. These are two of the world’s biggest oil producers, and will they want to keep exporting barells of crude oil for the “cheap” price it is right now? Probably not. Of course, you also have the extremist liberals talking about how the falling gas prices are some sort of conspiracy started by our so loved GOP. It’s an election year and it looks great for them, but are they in on a conspiracy? Doubt it. They might have tried to keep the gas cheaper through ethical means of some sort, but that’s a given for any party. I don’t think they’ll want to keep the oil cheap for long. There’s one other factor though that I’d like to address.
The second factor is demand, the demand went down so the price went down. Being Americans we’re all thinking: “Whooe! Cheap gas, can you spell party! Let’s go on a big vacation!”
That’s not a good way to think, the main reason it got so cheap in the first place was there wasn’ a lot of demand once summer vacation ended and people stopped taking time off to drive long distances. If we start going crazy by driving long distances and everyone starts going as many places as they can and going back for more cheap gas, the demand will go up. You know what that means, higher prices for importing crude oil!
Conclusion, this “cheap gas fad” won’t last for long. Get it while it’s fresh from the oven, er’ barrel. Have fun with your new gasoline, but don’t get crazy with it. On a side-note, one day I’m ranting about crazy, extremist Republicans, and the next talking about those crazy, extremist Democrats. My philosophy is that you shouldn’t vote based on the party, but based on the person and how well you think they’d do. If people really asked themselves that, we could have many better people in office. I’ll close on that.