Our posting last week, "We’re But what none of those who challenged our contentions explained, and We have been hearing fumbling folderol about increased extraction costs, Obviously, the people who designed the scam want to obfuscate and distance article on gas prices from CBS<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":" Gas at the pump on our corner hit $2.70 a gallon this morning, for regular. National average gas prices are at an all time high. Our posting last week, "We’re All Texans Now" congratulating the oil industry on the biggest, … Continue reading ![](\"http:\/\/cyber.law.harvard.edu\/blogs\/static\/dowbrigade\/cheapoil.jpg\")
Gas
\n at the pump on our corner hit $2.70 a gallon this morning, for regular.
\n National average gas
\n prices are at an all time high<\/a>.<\/p>\n
\n All Texans Now<\/a>" congratulating the oil industry on the biggest,
\n billion-dollar (a DAY) boondoggle in history, basically pulling a larcenous
\n assault, in broad daylight, on THE ENTIRE WORLD, and trying to make it
\n out to seem they are also unfortunate victims of the situation, garnered
\n many more comments than our usual reader response (sepulchral silence).<\/p>\n
\n what we have yet to hear in a coherent form from any commentator, industry
\n spokesperson or talking head, is an explanation of exactly WHERE the extra
\n billions are going. Twenty extra cents on every gallon, this month alone,
\n multiplied by hundreds of millions of fill-ups every day, just seem to
\n be vanishing into the impenetrable complexities of the energy industry.\n <\/p>\n
\n oil industry cost crises, investment in exploration, simple supply and
\n demand, processing and production bottlenecks, cut profit predictions
\n and supply-side strain. Chaff and misdirection all. We may not have a
\n degree in Economics (well, actually we do), but we know that most of the
\n time capitalism is pretty simple. If normal, educated, intelligent people
\n can’t understand what is going on, its usually because someone is pulling
\n the wool over their eyes.<\/p>\n
\n themselves from the true path of this extraordinary and unprecedented
\n flow of raw capital into carefully constructed and concealed black holes
\n of untraceable equity. Who could possibly penetrate the arcane inner workings
\n of this vast oil-drenched conspiracy? We doubt the press, as presently
\n constituted, have either the skill or the stomach for the job.<\/p>\n