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Originally Posted by dyna mo
Those were gas shortages. Perhaps they were politically motivated, opec cluster fucks, refinery issues, weather catastrophe,etc., I can't recall a time when gas prices jumped justified by "we are literally running out."
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The party line at the time was "world oil supplies are running low", meaning they were able to calculate when we might run out. Thus prices 'had' to go up. 'Had' to. Oil industry is constantly reminding the world that "we have only 50 years of oil left", "only 75 years of oil left", "only 100 years of oil left".
Meanwhile in other oil-producing nations the prices at the pump are super low. I've heard for years now that gas is still only pennies per gallon in Venezuela, certain parts of the middle east, etc. I'm not saying they should be that low here but christ, our prices should be lower than $4+ per gallon, being that both the US and Canada are major oil producing nations as well.
Reason for high gas prices here: gas tax.
And that's fine, we'll all pay it, either happily or not so happily, doesn't much matter. But are we not tired of hearing about "limited oil supply" when the obviously keep finding new ones?
Sorry, I'm not changing my mind. Prices should go down accordingly, just at they go up accordingly.