Thanks for today's big chuckle . . . .Originally Posted by Kratos
The main reason that gas prices are decreasing is because demand for it is decreasing. The reason that world-wide demand for oil is decreasing is because the US is going into a recession of epic proportions because of massive financial problems in the housing financing industry (investment giants you've heard of in the news had been gambling on whether or not groups of mortgages would be ok, or if they'd fail; and those gambles were considered to be assets for purposes of other investments---and all this was allowed by the Bush Administration---and those assets were sold to foreign countries, which caused a lot of them BIG problems, like Russia bailing out Iceland, which gives them a foothold in the North Atlantic). And now, banks in the US and elsewhere don't have the $$$ to lend each other to keep the fragile system afloat, which makes it difficult to run many other types of businesses.
The net consequense of this BS is that nobody can afford to buy anything anymore. When consumers can't buy, factories slow down, and the factories don't need fuel to make all the stuff they used to make, which makes demand for oil decrease, and prices decrease.
All this will be fine and dandy for the next few times you gas up your tank, but long term -- hold on to your wig and false teeth, 'cause it's gonna be a bumpy ride . . .
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Something to watch out for -- if the strength of the US Dollar is further threatened by the increasing influence of the Iranian oil bourse, you might read in the news that the US military or its alllies bombed it to kingdom come.
http://www.globalresearch.ca/index.p...articleId=1937
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