Why Isn't A Gallon Of US Gasoline At 99
Cents ?
Seriously ? Our Federal Lawmakers want
to raise Gasoline Taxes another 12 to fourteen cents per gallon ?
Really ? The already average price of gasoline in America is $3.68
per gallon. This is the highest summertime price for a gallon of gas
in six years. Is there a major problem why much of America hasn't
seen prices below $3.00 per gallon since Obama took over as President
? Is Obama the only problem ? Lot's of questions, I know. Truth told,
there are many factors why gasoline prices are so high and throughout
this article, I will be discussing those issues and bringing forth a
solution by the end as well. My real hope is that America will wake
up that indeed, they have the power to bring the price of gasoline
down to .99 cents per gallon(or less !).
Were you aware that there is an oil
boom occurring in America ? Yep, through a process called “fracking”,
oil and natural gas are both being captured from under ground and oil
companies are so efficient in gathering oil with this process,
America is now exporting our oil to other nations
http://money.msn.com/ways-to-invest/why-the-us-is-sending-oil-overseas-jim-jubak.
As a nation, we produce 8,453,000 barrels of oil per day. Our
consumption as a nation is approximately 18.9 million barrels per
day, so we need to import about 10 million barrels of oil per day for
our gasoline and other uses. With those facts in mind, it makes no
sense at all however that as America continues to produce it's own
oil at a greater rate each month, but prices of gasoline at the same
time continue to rise here. Obviously it costs U.S. oil companies
much less to gather and refine oil to manufacture gasoline here than
it does for imported oil from other nations. Speaking of oil
companies, it doesn't appear that U.S. Oil Companies can utilize loss
of revenue as an excuse for keeping gasoline prices artificially high
here as they have. Looking at the top 5 oil companies here in
America, last years(2013) profit margin was in the amount of $93
Billion Dollars. That's “B” for “Billion.” Can you imagine
making $177,000. per Minute profit ? Well that's how much money U.S.
Oil Companies made last year...
http://americanprogress.org/issues/green/news/2014/02/10/83879/with-only-93-billion-in-profits-the-big-five-oil-companies-demand-to-keep-tax-breaks/.
So with U.S. Companies making so much
money... it must be that more and more Americans must be using
gasoline every year to justify such high prices at the gas pump,
correct ? No, actually, the US is consuming less gasoline then in the
past(see
http://ourfiniteworld.com/2013/01/31/why-is-us-oil-consumption-lower-better-gasoline-mileage/).
Surely Congress is well aware of the high prices of gasoline and will
force U.S. Oil Companies to lower prices as some point ? I mean
gasoline prices are out of control and with Congress wanting to add a
12 to fourteen cents per gallon gasoline tax, prices are sure to fall
due to public pressure ? Don't count on it. Were you aware that Oil
Company's used Lobbyists and others to bribe, sorry, I mean convince
your Congress Members to keep oil prices artificially high here by
paying out to Congress in the tune of nearly $145 Million Dollars
last year ? Yep, check it out...
.
So can we expect some sort of relief coming at the gas pump ? No, not
in the foreseeable future.
Most folks are unaware that Wall Street
has their hands and interests in keeping gasoline prices manipulated
high as well. Oh sure, your 401k retirement account does get a few
extra dollars each month when invested in oil company stocks but
unless you ride a bicycle or a horse when traveling, the few dollars
added to your retirement account each month(if it's still there when
you do retire) however does not makeup for the hundreds of dollars in
artificially high gasoline prices at the pump you pay every year. How
else does Wall Street add to high prices of gasoline ? Oil is traded
on the market as a “hard commodity.” In the world of Wall Street,
oil prices is forcasted in “futures” and there are “speculators”
who influence the price of a barrel of oil. Therefore, simple supply
and demand of oil has nothing to do with oil prices unless there is
what speculators see as “a shortage” which may or may not
constitute a “shortage” of oil at all. Also, if speculators see
something in the news that makes them a bit itchy or nervous for any
reason, such as wars(even in a non oil producing nation), the price
of oil and gasoline at the pump goes up and usually right away
although the actual price of a barrel being traded today is 30 days
or more out. Perhaps you are asking yourself, “surely, this can't
be legal ?” Yep, it's all legal. Your President,
Congress(Republicans AND Democrats), Judiciary have made it all
perfectly legal to those bribes, sorry again... I mean legal
influence that oil companies have upon members of congress and others
who make lot's of cash protecting wealthy U.S. Oil Companies.
If oil was no longer traded on the Wall
Street... Congress, The President and Judiciary stopped taking money
from oil company lobbyists and the U.S. Oil Companies weren't so
greedy, indeed gasoline prices here in America would be at .99 Cents
per gallon. Is that to much to ask ? Apparently it must be to much,
because Americans by and large know most if not all of what I have
shared throughout this article but just choose to ignore these issues
and do nothing to stop lobbyists from bribing, whoops.... sorry once
again, I mean financially influencing our Government leaders. We
can't boycott oil companies, after all most of us need our gasoline
almost as much as we need food and water. As Americans, we have the
right to have our (on U.S. land)oil drilled or fracked, to remain in
this nation and not exported. It is our resource and we demand that
its stays here. We also demand realistic gasoline prices that reflect
supply and demand and that oil is no longer traded as a commodity.
Americans would do well also to stop electing Government leaders who
are immorally influenced by companies who are only interested in
greed.
Gasoline prices can come down and must
come down but you must be willing to expose and remove evil and
corruption at every turn. Artificially inflated prices of goods and
services is not “Capitalism.” No what we see with American Oil
Companies is Crony Capitalism that relies on something worse than
greed, it relies on a few others with power to rob the
majority(through corruption) to make their own lives rich. That is
evil in it's purest form. Give us our .99 Cents per gallon Gasoline
NOW !
1 Timothy 6:10 “For
the love of money is a root of all sorts of evil, and some by longing
for it have wandered away from the faith and pierced themselves with
many griefs. “
Rev. Paul P. Waldmiller~Black Robe
Regiment Pastor
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