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Originally Posted by GatorB
Yep. Anyone that thinks gas will ever be $1 or even $1.50 a gallon again is crazy. Doesn't seem that long ago that $1.50 a gallon was high. My next car will be a hybrid since I know $2.50+ a gallon gas is here to stay.
SUV maybe 15 MPG aveage American 12,000 miles driven per year( probally more ). That's 800 gallons at $2.50 = $2000 a year in gas. That's crazy. I remember in early 1999 I was paying 85 cents a gallon. Those were good old days.
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Of course! Totally spot on!
Yet look at who is making the profits! Americans! It's like the drug trade. Not one dip in drug trade profits or products since 9/11, the hurricanes, tsunamis and wars. Why? Because everybody has their hands in the stash that's why. Same with oil profits. Want to boost that investment/retirement portfolio? Exactly as you said, boost em'. Who is gonna complain? The small fries. Who can do something about it? The people who are making the profits.
Crash oil profits and tens of millions of older Americans go broke.