Addictive Dreams

adorkacub:

geminichris1972:

Filmed this on the way home from work. Not sure if anyone actually wants to see this, but here goes.

The hubby doing a political rant in traffic, lol.

There is this great Economist Robert Reich who had a post about the price of gas a week ago. I wonder if you were reacting to the same thing about Newt Gingrich. Anyway the full article is found here. But here are the three points as to why gas is as high as it is today:

Iran’s decision to cut in oil exports to Britain and France in retaliation for sanctions put in place by the EU and United States.

Global economic recovery – which would mean increased oil consumption.

Neither of these would have much effect were it not for the third reason — overwhelming bets of hedge funds and other money managers that oil prices will rise on the basis of the first two reasons.

However all is not so bleak as he concludes:

But that’s okay. The gas wars may come to a screeching halt before too long, anyway. So many bets are being placed on rising oil prices that the slightest hint the speculators are wrong – almost any sign of expanding supply or declining demand – will set off a sharp drop in oil prices similar to the record one-day fall on May 5 of last year.