Gas Prices Soar to $3.51 a Gallon

This gas price hike is the result of the fundamentally flawed economic system and the greed creed speculation rather then the situation in Libya that contributes to less then 2% of oil used in the world, and that 99% shipped to Europe. The US exports about zero oil from Libya and over all in the world there is not shortage.

Nevertheless oil price hike is not the only concern. The far worst is food prices that have increased 40% and yet these so called world leaders, including Obama are twisting their thumbs. Mainly because it does not effect their own personal households and they live high on the hog all at taxpayers expense.

The decent thing to do is ban commodities trading of oil, natural gas, gasoline, heating oil, electricity, basic foods like wheat, corn, soys, sugar, milk, butter, cooking oils, beef, poultry, pork, fish and other items like corn, seasonal fresh fruits and vegetable immediately.

Other then that folks prepare for the ultimate.

Chui of GA 3:22PM March 07, 2011

It is pure and simple, this is a ponzi scheme. If you buy oil then you should have to take physical control of it. Katrina started the greed, then the prices went down. Back up again blaming China$90+ a barrel. Then wonders of wonders China fell off the face of the earth; oil went down to $50 a barrel. Now another excuse and it is up to over $100 again(blaming TME and China). The fact is there is NO shortage of oil. The speculators would have us believe it so they can continue their PONZI scheme!

Jim of PA 1:22PM March 07, 2011