Preponderance of Ponderances

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Tuesday, June 24, 2008

A Solution to High Gas Prices?

This article discusses some interesting testimony before Congress by some energy analysts about the effect of speculators on the current price of oil. Speculators, the analysts claim, have been driving oil prices far above their appropriate values. So, the analysts say that if Congress enacts legislation to limit speculation in the oil futures market, the price of oil could return to a level that would allow $2 a gallon gasoline. (Oh, those were the days, huh? :-) ) Of course, we all know how accurate analysts are. Anyone remember that record-setting hurricane season analysts predicted for last year? :-)

1 comment:

incurable optimist said...: Hey, Mr. Seidel. "The Wednesday Letters" is a book about an elderly couple who die, and their children find boxes of these letters that their father wrote to his wife every Wednesday they were married. It's so wonderful! Everyone should read it!; 6/26/2008 10:32 AM