Monday, October 4, 2010

Have you heard this unoriginal idea to fix gas prices?

Last year the member countries of OPEC decided to keep the oil flow about the same. This would essentially make oil prices stay flatlined at the current prices with room for an immediate $10 to $20 increase per barrell. Of course, the price increase is made by speculators at the World Bank. The increase equates to around $.75 to $1.50 per gallon. So how do we fight this?

The Arab nations import the largest amount of their wheat from none other than...... the USA. Well we can always just increase our price per bushell to equal the price per barrell. It would then be an even trade and maybe the World Bank would "speculate" that oil prices would be lower and bring us back down to $1.75 per gallon or less. I understand that inflation is tough and times are tight but, this is an issue the world faces. It's is clearly unfair that we pay $3.00 a gallon when the Arab nations are paying around $.75 per gallon.

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