I disagree with your comment that "Gas prices went up - because we cannot drill offshore."
We live in a capital market society driven by simple economic principles of supply and demand. Our demand has skyrocketed and although production has kept up with demand, we have to ask whose fault is that? Any company that is market driven will maintain a healthy demand over the supply in order to increase their return on investment. People who buy Hummers, large recreational boats, etc continue to suck down fuel at high rates.
Bottom line - - we, as Americans, love our big vehicles and are quite wasteful. And let's face it, if Shell or any of these other large petro companies wanted to build more processing centers, no one wants it in their backyard. We all want cheap power....but no one wants that cheaper power station in their neighborhood.
You want the price to go down? Cut demand. Simple economics - - - Econ101.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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