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Reply #9: The point is that high gas prices are not related to supply. [View All]

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losthills Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-29-08 12:21 PM
Response to Reply #6
9. The point is that high gas prices are not related to supply.
There are no stations with "no gas today" signs, there are no stations going out of business, there is no rationing. There are speculators buying it up and sitting on it. If these high transportation costs drive up the prices of food, goods and services and triggers a recession, they don't care. Because they will have taken their profits. Everyone knows that we are running out of oil-- but we are not running out of oil *now.* Surging gasoline prices are the result of speculation.
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