Ask an expert: Why are gas prices rising?
MSN Money's Charley Blaine answers readers' questions about the energy sector.
As he answers questions from MSN Money's Facebook community, Blaine also discusses possible investments in the energy sector.
I'm in the oil and gas industry. One way to look at the high price of gasoline is this:
Every time you go to the gas pump I am much closer to retirement!!
Well I think we are screwed. There is no energy policy in this country. No one wants to deal with the problem.
Even when we get our usage down China will create pollution to drown most of north America.
If we want lower gas prices change the rules to commodity trading. Make those traders take possession of 10% of their purchases . You will see all the speculators get out of commodities which in turn will lower the cost to the real price based on actual supply and demand. When you have 9 d bags bidding for oil and 1 needs it that 1 guy that will actually take delivery is forced to pay more for it because of those other 9 d bags bidding up the price to try and make a buck.
Simple - theft and corruption. Gasoline is only $1.00 per gallon. All the additional cost above that is caused by theft and corruption. (Taxes fall into both categories!)
If you ever listen to a "reason" for high oil prices, it is never the same. This clown in the video above is a perfect example. First prices are high because they are not refining enough, then prices are going to be high later because they are refining more.
Don't shop at Mobil, Exxon or "On the run". If we all stopped shopping them prices might actually do something. I don't mean for one day I mean forever.
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