$2 gal fuel? TOLD YOU SO

nohurry wrote:
Have seen articles that say the drop is the result of the Sadis flooding the market with oil to drive the frackers (read competition), out of business. This is due to the fact that fracking is a much more expensive way to get the oil, and is not profitable at under $60-70 a barrel. That may be only a temporary solution to their drop in market share, as when the price goes back up, the fracking just cranks back up. Another side effect is that smaller oil industry countries economies are suffering and creating disruption in the world economy. It's kind of a big complicated mess if you ask me. To bad it isn't a free economy where companies can compete against each other on the price.

Yeah, I'm a right winger that thinks there is plenty of oil to last many generations, and the actual pollution of today's vehicles (in the USA), isn't bad. To those who think $5 a gallon is so terrible sounding, well we're just spoiled that's all. If you adjust for inflation, gas at $3.50 a gallon is about the same as it was 25 or so years ago.

Oh yeah! You better believe I'm enjoying the price right now, but I'm realistic about it, I would never have tried to predict it, and you can bet it'll go back up. I'm blessed though, so when it does, I'll just smile as I'm filling up the 32 gallon tank on my gas 3/4 ton 4x4 truck, hook up my 27 foot trailer and head out for some campin! Just sayin.

So well put that I just wan't to say X2.

The Saudi's are indeed doing as you describe (our gov does not set the price of fuel - good grief) and they are very good at manipulating prices. And we are suckers for their tactics.
So here's my prediction: Prices will rise again to new highs in the next couple of years.