More from the 110% bullshit department.
It's obvious the Oil Thugs paid this author Lisa Smith
Bolded the 110% bullshit
Remember, the Oil Thugs have closed Refineries because they were refining too much.
Also the author suggest Americans switch to Motorcycles and Scooters.
I tried that and got hit with Motorcycle Road Use Tax which negated the entire gas savings for the year.
http://www.investopedia.com/articles/pf/05/gascrisisplan.asp?rp=y&partner=YahooSA
Getting A Grip On The Cost Of Gas
By Lisa Smith
For the past several years, motorists around the world have felt the squeeze from rising oil prices. While consumers in the United States have expressed displeasure with gasoline prices, the cost for fuel in Germany, Turkey, Denmark, the Netherlands and the United Kingdom is even higher, largely due to heavy governmental taxation designed to discourage consumption.
Increased global demand, shrinking supplies, limited refining capacity, the lack of investment in new refineries and regional instability in the Middle East have lead to significant pain at the pump - and it could get worse.
Rising gas prices put a spotlight on the cost of crude oil, which jumped from less than $2 a gallon to more than $3.50 in the last 10 years. It has been hovering around this price, and a look in the rear-view mirror shows that oil prices will likely continue to increase.
Many economists expect oil to remain pricey due to the following:
According to reports by Thomson Financial, most OPEC members are pumping at near-full capacity.
With the burgeoning economies in China and other emerging markets creating a sustained increase in the demand for oil, lower gas prices do not seem to be on the horizon.
The biggest players in the gasoline industry are booking record profits quarter after quarter.
When the staggering profits generated by oil companies are viewed in light of the percentage of the price of gas that is accounted for by the price of oil, it is clear that these firms have plenty of room to reduce the cost of gas and still make a profit.
If a hybrid isn't in your budget, perhaps you can take a cue from Europe. The cities over there are packed with tiny cars, scooters and motorcycles.
It's obvious the Oil Thugs paid this author Lisa Smith
Bolded the 110% bullshit
Remember, the Oil Thugs have closed Refineries because they were refining too much.
Also the author suggest Americans switch to Motorcycles and Scooters.
I tried that and got hit with Motorcycle Road Use Tax which negated the entire gas savings for the year.
http://www.investopedia.com/articles/pf/05/gascrisisplan.asp?rp=y&partner=YahooSA
Getting A Grip On The Cost Of Gas
By Lisa Smith
For the past several years, motorists around the world have felt the squeeze from rising oil prices. While consumers in the United States have expressed displeasure with gasoline prices, the cost for fuel in Germany, Turkey, Denmark, the Netherlands and the United Kingdom is even higher, largely due to heavy governmental taxation designed to discourage consumption.
Increased global demand, shrinking supplies, limited refining capacity, the lack of investment in new refineries and regional instability in the Middle East have lead to significant pain at the pump - and it could get worse.
Rising gas prices put a spotlight on the cost of crude oil, which jumped from less than $2 a gallon to more than $3.50 in the last 10 years. It has been hovering around this price, and a look in the rear-view mirror shows that oil prices will likely continue to increase.
Many economists expect oil to remain pricey due to the following:
- Limited pumping capacity
- Limited supply of quality oil
- Increased worldwide demand
- Limited refining capacity
According to reports by Thomson Financial, most OPEC members are pumping at near-full capacity.
With the burgeoning economies in China and other emerging markets creating a sustained increase in the demand for oil, lower gas prices do not seem to be on the horizon.
The biggest players in the gasoline industry are booking record profits quarter after quarter.
When the staggering profits generated by oil companies are viewed in light of the percentage of the price of gas that is accounted for by the price of oil, it is clear that these firms have plenty of room to reduce the cost of gas and still make a profit.
If a hybrid isn't in your budget, perhaps you can take a cue from Europe. The cities over there are packed with tiny cars, scooters and motorcycles.