Why is cost of fuel going up so much?
There is no difference between what is going on right now with price of oil, and what happened few years ago when Enron manipulated price of energy. The prices are artificially high due to supply control and price speculation of oil futures on stock market.
Some people might say, who cares, I will take public transportation. Price of oil effects everything in our economy. Truckers pay more for diesel, so they will charge more to transport everything to your grocery store. Since stores will have to pay more, the prices will go up.
People who usually take vacations by a car, might not take vacations at all. This will effect stores, usually small family owned, in the vacation areas. Many family owned businesses will not survive with their prices going up and with less customers.
Unlike in case of Enron, I don't think any heads will roll for this since this has international players. It would be hard to bring to justice Middle-Eastern Sheikh for this.
And why is this happening?
One word, GREED
Greed at all cost, without regard to the consequences to people or economy.
Tags: Oil Gasoline Fuel Price Speculation Conspiracy
