Thursday, gas prices rose to $3.18 a gallon. While that price is simply unbelievable and totally shocking, I can't figure out for the life of me why the American people have not risen up and revolted. I know over the years since October 1973, oil prices have fluctuated, but occasional upward spikes, sooner or later settled down at some rough equilibrium. But this year and this time they keep going up and up. The talk is that the price can rise by the end of the year to $5 a gallon.
Then there are the prognistications that the world's oil and natural gas supplies are running out too fast. Between 2010-20, the world's supply of oil and gas will fall below the level required to meet demand. According to the World Resources Institute in Washington, the U.S. government is aware we are about to endure a disastrous international energy shortage. It also says that this is reason that we went to war in Iraq.
In the 21st century we rely on petroleum for everything. We cannot survive without oil and gas, and when the supply runs out the great American engine of Western civilization as we know it, will grind to a deadly halt. It is predicted that in the coming days wars will be fought not just for power and control but for profit and over oil; as the oil-dependent nations struggle to find ways to sustain themselves. We have tried to control the Gulf countries of Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia, Iran, and the United Arab Emirates since 1901, when British Petroleum bought from Iran land about double the size of Texas for almost nothing. Now these Gulf naitons hold and control 65 per cent of the world's oil reserves. We now virtually control or influence these states with the exception of Iran. There is no doubt whatsoever the invasion of Iraq was not about anything but making sure that we got our hands on the precious oil fields. And if we go to war with Iran it will be about oil, not nuclear weapons.
The discussion of the world oil situation and our obsessive need for it is complex and, ironically, also very simple. We must remember that, in a pure capitalistic society, it's all about money! Even though all the Joe Publics are beginning to struggle to pay the exorbitant high prices, the oil companies are making literally billions of dollars at the expense of that public. Something is wrong with this picture.
World oil prices are currently high because the world's oil cartels, and the American and British oil companies manipulate the prices to gain the highest profits possible. The prices are affected by supply and demand, which is pure capitalism. It is said that in actuality it only cost about a little more than a dollar per barrel to pump oil from the ground, but the price could hit as high $100 per barrel. (Editor's note: an analysis by Deutsche Bank warned of prices hitting that level; prices briefly hit $72 a barrel in mid-April but fell last week through the low 60s, according to various Web reports) If the market demand for oil products was allowed to operate independently, gas prices at the pump could drop easily by 50 percent immediately! Another reason given for high prices is that oil companies have not been able to increase productions. And then there is the geo-political situation is which is very volatile. And finally China and India are industrializing at an incredible pace. So much for excuses!
What can we do, you say? On May 15,I am joining with millions of other concernedAmerican across the country in boycotting the buying of gas from the pump for just one day!
On May 15, Americans are being asked by a grass root internet campaign not to go to the gas pumps in protest of high gas prices. Gas is more than $3 a gallon. Something must be done. If all users did not go to the pumps it would reportedly take almost $3 billion in one day out of the pockets of oil companies and oil barons who would do the right thing, except for the fact that the love of money has become their downfall.
So please join me and others. Let us put a dent in Middle Eastern oil domination. Let us send a message to greedy American capitalists who are in bed with these Middle Eastern cartels. Let us send a message to Washington. Let us pull another Boston Tea Party! It's the American way.