World Affairs Brief, May 16, 2008. Commentary and Insights on a Troubled World.
Copyright Joel Skousen. Partial quotations with attribution permitted. Cite source as Joel Skousen’s World Affairs Brief
MORE ON GAS PRICE MANIPULATION
It’s well and good that Congress vote to stop filling the US Strategic Oil reserve because the US already has billions of barrels in the ground in Alaska–entire oil fields capped and drilled, but kept off the market. The filling of the Strategic Petroleum reserve is merely one more attempt to keep fuel in short supply. I will be blunt. There is a conspiracy to raise fuel prices and it is pernicious. No one is targeting the collusion we see daily between the oil companies.
Fred Cederholm in a Baltimore Blog noted these careful observations during the latest and suspicious run up in gas prices–too rapid and too well coordinated to be a result of natural market demands. “It must have been some pricing strategy by all of the fuel retailers because the spike [of 13 cents a gallon] occurred everywhere, regardless of the company or the brand, at almost the same moment [within 2 hours]… I had already been on-line checking world-wide news and developments when a friend and neighbor stopped at the house to tell me I had better fill up immediately because a price jump was coming. I logged off and topped off my gas supplies for all of my fuel thirsty vehicles and gizmos. I then went back on-line to find out why the spike occurred. I found not one single development, catastrophe, or explanation. I found nothing to justify the jump!” Later, the media will always be fed some event used to justify the increase, just like their servile explanations that “the stock market rose today due to some company performing better than expected.” Nonsense.