HOORAY! Peterson Bill to Bring $2.00 a gallon Gasoline!

HAPPY DAYS ARE HERE AGAIN!  The days of Arab oil dependency are over.  $2.00 a gallon gasoline, maybe not…

Oil companies say huge profits are necessary to reinvest in technology and refining that ultimately benefit us.  How?  Where have we seen any benefit from the profits generated by high gas prices so far.  Oil companies are still using the same outdated rickety refineries that shut down every time the wind blows.  With the profits these assholes are making, they could have built 10 refineries all across the US so if one blows over during the next hurricane, they shift production to another not currently effected by the variety of natural disasters we are experiencing this year.

The Peterson Bill recently introduced to lift the moratorium on off shore drilling around the US is supposed to help us reduce our dependency on Arab oil.  One would assume that since we will be using our own stockpiles of oil, it would mean less spent at the pump.  We’ll have to wait and see but my guess is that all the oil we’ve saved up over the years by passing environmental laws to prevent access to it will be no cheaper than the oil we’ve been sucking up from the Arabs for the past 50 years.   Oil companies like profits and it would make no sense that they waste years of conditioning us to be ok with paying $4.00 a gallon to all of a sudden lower the price of a gallon of gasoline just to do us a favor and offer a little good will to the customer.