Tuesday, May 08, 2007
About this ''Don't pump gas on May 15th" nonsense...
Think this through. Read the business news headline of the near future: "Record profits on windfall gas sales day on May 16th".
The price of gas in America is artificially low as it is. Compared to the rest of the world, we pay very little.
Lower petrol prices not only encourage increased consumption, but artificially inflate the reporting of corporate profits vis a vis cost of doing business, perpetuating the inflation of stock prices and the funneling of wealth to the top 1% as it is sucked from the pockets of the poor.
Im no commie, but on this one, Hugo Chavez has it spot on.
Just my 2 cents, or 6 hundredths of a gallons worth.
F
The price of gas in America is artificially low as it is. Compared to the rest of the world, we pay very little.
Lower petrol prices not only encourage increased consumption, but artificially inflate the reporting of corporate profits vis a vis cost of doing business, perpetuating the inflation of stock prices and the funneling of wealth to the top 1% as it is sucked from the pockets of the poor.
Im no commie, but on this one, Hugo Chavez has it spot on.
Just my 2 cents, or 6 hundredths of a gallons worth.
F
