Current Events

Gasoline Under $1.00 At The Pump?

This sounds, on the surface, of being a good thing as our gasoline prices will tumble greatly. However, be sure you think this through . . .
Oil is being purposefully lowered in price by OPEC to try and kill the US production market. It is pretty well known that we cannot produce our oil for much less than $50/barrel. If OPEC can succeed in wiping out American oil production, then their coalition retains power in pricing their product and oil will then skyrocket right back to where it was, quite possibly much higher. Within 5 years of destroying the US market, I suspect we’ll see $200 barrel oil which will mean over $5.00/gallon at the pump.
So, even though we may see gasoline under $1 at the pump once again, it will be very short-lived. Sometimes the long-term is much preferable than the short-term.

Oil Prices May Tumble

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About Bits 'n PCs

I was raised in a two-parent functional home and have worked hard the majority of my life. I started my first business at the age of 12 mowing lawns in my neighborhood. At age 14, I worked summers as a bricklayer's laborer and weekends as a machine shop janitor. I have come to enjoy politics but have grave concerns for our country and how it is changing and going deeper and deeper into debt. I also worry about people who willfully want to believe every sound bite their party puts out instead of fact-checking for the truth. Politics has become a very vicious 'game' in which there are virtually no rules and no limits anymore. It's time to set the record straight pertaining to ALL sides of the aisle. Thus, NewsWhores was born. Come watch us grow.

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