Speculation Kills

Why are we paying $4.00 for gasoline?

Has speculation gone wild? Should something like Oil, that has become more of a utility than a commodity, remain on the market?

While congress tries to get a handle on the poor economy and the rising commodities, this should only take 30 years.....sheesh, we the American people are getting hosed at the gas station.

Maybe I am looking at it in too simple of terms when I think that this problem is easy to fix. We should be tapping every inch that we can to find new oil and lower the prices. While we refuse to drill off of our costs China and Cuba have decided to take full advantage of our stupidity by drilling no less than 50 miles off of our southern coasts. Do China and Cuba know something we don't?

Why haven't we built more nuclear plants? Why haven't we built any refineries since 1976? Why are we just now beginning to explore, in depth, the possibilities of alternative fuels. Sure we have looked for alternative fuels over the past couple of decades, but, I would think that if capitol hill didn't have power or some of these lawmakers were not drawing exorbitant salaries they might see what the high cost of oil is doing to the working families and to our economy.

Oil is no longer a commodity it is a necessity.

This link has some interesting things to say about why gas and oil is so high. Please read it.