Democrat From Kentucky

Democrat from Kentucky
We promote fair and honest political discussion from all sides of the ideological spectrum While my own opinions and my contributors tend toward a more progressive view, that's not always the case. I ask people to comment freely and openly to promote fair discourse.
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Sunday Afternoon
Miss Kentucky Crowned Miss USA
Record Oil Prices And Bush Is Helpless
Jim Bunning One of 5 Worst Senators in the Nation
McClellan's Gone
Oil Prices Movin' On Up...
Thoughts For Harry Moberly
What's shakin' kids?
Oil In The Overnight...
New stuff and the Reestablishment of the Know Noth...


More Oil Insight... Monday, April 24, 2006

I found a great piece over at Ezra Klein over the price of oil, why it's happening and some notion on the future.

I think folks need to look at oil prices for the last couple of years. Consider the price of oil has nearly tripled in the last two years. Has demand really increased that much? Also consider that ExxonMobil has had record profits in the last year and are projected to have another record setting quarter. They are merely stacking the deck.

Now... in the companies' defense, consumption of petroleum based products, mainly gasoline hasn't slowed much. One could argue they are merely pushing the limits to see what the market will support. Unfortunately a lot of middle class folks and poorer will pay a hefty price in the process. Pay attention to the farmers too. They run farms of gasoline and diesel fuel. Food costs will surely climb too. I'd say Farm Aid will be busy this year.

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posted by Stithmeister @ 11:35 AM

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Location: Harrodsburg, Kentucky, United States

I'm currently working in the telecomm industry but one of my passions is still politics.

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