The blog of a North Country Swede!

Wednesday, May 03, 2006

Going cold turkey ...

So we were supposed to have cheap gas until we totally ruined the planet? (That’s for those who are complaining about the price of gas ... talk to the Scandinavians. Hell, Norway has all the oil fields it needs and then some ... and their gas in what? twice or more higher than ours even now.)

And I am no oil company appeaser ... but they are quite capable of shooting each other without any help a la their boy Cheney. I mean, $400 million retirement package at a time like this?

The madness in the shadows—accelerating the prices at the pump—is being orchestrated by the financial community, not just the oil companies. As Kevin Phillips pointed out in AMERICAN THEOCRACY, we have become a (should I add “doomed”?) Financial-Insurance-Real Estate dominated economy these days ... and the money is being bet in futures (contracts for future delivery of commoditis) on the price of oil staying up ... which means it will stay up with the rewards syphoned off into the pockets of the oligarchy ... and we the people will get none of the benefits (like public transportation or alternative dispersed energy sources) ... the big money players will continue to invest (with government guarantees) in energy sources they can control.

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