Skip O'Neill – Liberty for All

Ron Paul for A New Direction

What high gas prices?

with 3 comments

So you think the price of a gallon of gas is high.  Let’s see, today the price of gold is right at $1,500 per oz and gas is right at $4.00 per gallon.  So for 1 oz of gold you can buy 375 gallons of gas.  If you think gas is high today, let’s go back to 1931.  Back then 1 oz of gold was $35 and gas was $.10 (10 cents).  Back then you could only buy 350 gallons of gas with 1 oz of gold.  This tells us two things, gold is the real store of value and two, our president is liar in telling us that speculation and the oil companies are the reason for the high gas prices.  He needs to look at the Fed as the reason for all of our financial problems.


3 Responses

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  1. Glenn Beck is so full of it blaming the Feds restrictions on drilling as the reason for inflated gas prices. That has NOTHING to do with their arbitrary increases that they have historically blamed on everything from “lack of confidence” in the stock market to potential storms in the Atlantic, Libyan revolutions, etc. Truly, a “lack of confidence” in the stock market? Really??? That is able to raise our gas prices? Yes, folks, it is. And yes, we do need federal regulations, and I’ll tell you why. If you want to buy a mattress at Macy’s for $1000.00 and Mattress Discounters has the same mattress for $100.00 – that’s your choice, it’s your money. That’s free market capitalism. But when you’re talking about oil and gas, the economic lifeblood of the American way of life, you MUST have regulations in place to protect the health of the nation. We need oil for everything from airplanes getting us to important business meetings and family gatherings, trucks delivering goods and services to market so that there’s food in our local stores, employees being able to get to their jobs every day, fuel to power our homes and businesses, the list goes on and on. The problem is, as China and other nations grow economically they also require more and more gas and oil, and Shell, Exxon BP and the other companies see a sellers market and want to make as much profit as they can in the shortest period of time. Over half of America’s oil doesn’t come from OPEC (only 35%) 55% comes from US domestic, Canada and Mexico which is why Bush and now Obama are prostituting our country to these nations – Mexico has the oil but can’t extract efficiently, so guess who gets the contracts? Thaaat’s right! Halliburton. Glenn Beck did have a tiny bit of truth in his BS. The real reason gas prices have shot up is to pressure the government to allow them to drill. Not so they can strengthen America but so that THEY CAN MAKE WINDFALL PROFITS selling gas and oil not just domestically but to Japan and other nations. They want to get into the global market where the big money is. And we’re being forced to pay for it at the pump.


    April 27, 2011 at 4:57 pm

  2. Love Stan’s passion, although misguided.


    April 27, 2011 at 5:35 pm

  3. glad you know how to copy and paste.


    June 30, 2011 at 1:54 am

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