High Gas Prices

Moocher

Who’s sick of it? We aren’t.

You see the more gas costs, the more we can blame President Obama on his energy policies and have a chance to win the White House in 2012. After all, he wants the United States to explore alternative energy and protect the environment. This is bad for our dividends. We need more drilling.

And luckily for us, most Americans have a short attention span. Few will remember the Deepwater Horizon BP Oil Spill of 2010 or when Exxon broke corporate history records while earning $1,300 a second in 2007; the first time oil surpassed $100 per barrel and gas prices skyrocketed.
Source: CNN Money

If you think in a market economy, aka capitalism, the buyer determines prices….

Fill’er Up!

Gas pump

“Even if we tap every single reserve available to us, we can’t escape the fact that we only control 2 percent of the world’s oil, but we consume over a quarter of the world’s oil.”

“T. Boone Pickens, who made his fortune in the oil business — and I don’t think anybody would consider him unfriendly to drilling — was right when he said that this is one emergency we can’t drill our way out of.” President Obama.

Source: Reuters

Pickens and Obama are starting to bother me.

All right!  Who’s the wise guy!  Take that listing off!!

Exxon Mobil Stock

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