Tuesday, May 29, 2007

Another Gas Revolt

Some of you may have gotten the following in your email:

Here's the idea: For the rest of this year, DON'T>
>>>>>>> purchase ANY gasoline from >
>>>>>>> the two biggest companies (which now are one),
EXXON> >>>>>>> and MOBIL.>

This is another mass email attempt to affect the price of gas without hurting ourselves at the pump. Kinda like wanting to lose weight but still eating all the fatty foods we like. Notice that they are trying to hurt American Oil Companies. Forget about foreign firms like BP or even Citgo, the latter which is owned by Venezuela's Hugo Chavez.

The only way gas is going to ever go down is for the market to get full. This will fail to happen as long as states refuse to allow more refineries in their back yards. Another alternative which will never happen is for rising economies like India and China to suddenly cut back on fuel consumption. Of course, ending the war and a more stable Middle East might also be effective in easing your pain at the pump. So, until that happens, maybe we should be like the troops and soldier on with as little complaint as possible, and stop blaming ourselves for all the world's problems.