Monday, May 28, 2012

Letter: We must demand that crude oil be taken off the stock market

Folks, it's time to start screaming about being raped by the Big Oil Companies that our taxes subsidize.?

On 02/17/2011, I paid $2.649 for a gallon of gas, I passed the same station 25 minutes later and the price had jumped to $3.399.?

I later found out that a barrel of crude oil still in the ground had jumped from $95.42 to $100.00, however it stayed there for only 20 minutes and closed at $98.90.?

Since that day, crude (still in the ground) has only topped $100.00 per barrel about 50 days, the rest of the time it has been around the $95.42 price that it was on 02/17/2011. On 5/15/2011 a barrel of crude in the ground closed at $94.78, gas $3.899. On 5/17/2012, exactly one year later, crude in the ground closed at $92.81 and gas was $3.749; 5/18/2012 it was $92.56, gas $3.699; 5/19/2012 it closed at $92.48, gas was $3.649; 5/20/2012, $91.48, ?but gas was still $3.679.?

On 5/22/2012 crude was $92.57 but gas jumped up to $3.899, WHY??On 5/23/2012 the crude was still only $89.90, gas still $3.899.

We the citizens of the USA must demand that crude oil be taken off of the stock market and re-regulated. Gas for our auto's must be affordable to all Americans. Gasoline at the pump should cost no more today than $2.50 or less per gallon per the cost of crude in the ground.?

It's not "are you better off today then you were on 01/20/2009." It's "is the USA better?off today then it was on 01/19/2009."?

The answer to that is yes, the USA is.?

However we still have a ways to go and with a vote for D we will continue going forward and will get to "yes you are better off".?

A vote for R is a vote to go backwards, these teapublicans are telling us over and over what they will do, to us, and think we are too dumb to realize it.

WILLIAM H. KORTH/Grand Blanc

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