The American Spectator

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Another Perspective

So, Uncle Pundit, why are gas prices so high?

"Simple, my boy: supply and demand. Don't you read the papers?"

Yes, but --

"It's in the lexicon of all the big oil companies: 'Supply and Demand -- you supply the money we demand.'"

In other words, you don't believe it.

"Sure. Like I believe in DNA and all the other new gods. Look. If you could get 70-some bucks a barrel for all that stuff in the ground and at the other end charge more than $3 a gallon and discover people would actually pay that amount and then drive off muttering about 'supply and demand,' wouldn't you do it? Only problem comes when you gotta tell the world what your profits are and what you are paying your CEO."

Can folks stand for it?

"Can they stand for bird flu? What are the alternatives -- kill all the birds? Folks are so numb by now they stand for anything. Remember the last time gas shot up past $3 a gallon? Much moaning at the bar. Then prices retreated a few cents...a few cents below $3...and the numb public heaved a big sigh of relief and gladly paid $2.89."

But those Chinese...

"Part of the supply and demand scam; blame the Chinese for jumping off their bikes and driving Lexus', all one billion one hundred million of 'em. Know what gas costs in China these days?"

A lot, I bet.

"A little more than a dollar and a lot less than 2. But look, stuff is going up you never even hear about. You ever pay off your student loan?"

Finally.

"You paid somewhere around 4-and-a-quarter percent interest. Know what the government is about to make it now? Six-and-a-half. And you never hear a word about it. Lucky you don't live in Maryland."

How come?

topics:
Oil