This was started by Jessi Olson back when gas was over $4/gallon. Despite the fact that gas is currently under $2/gallon, I’ll continue to do this on a more-or-less regular basis until the underlying message sinks into the collective cement blocks that pass for heads amongst the members of the bipartisan Party-In-Government.
My price for gas – $1.899/gallon outside the bunker
Today, I will focus on a different aspect of oil – heating oil. As I type, heating oil is rocketing off the floor of about $1.20/gallon established last month, up to a current level of $1.64/gallon. Yes, that is below where it was this time last year (somewhere around $2.60/gallon), and well below the mid-summer spike of about $4.15/gallon, but that drop was a result of the temporary opening of places like the outer continental shelf to oil exploration. The Democrats are already sharpening their knives to slay that opening, and the current surge in oil and gas prices is proof we are still at the ragged-high edge of the demand/supply-price curve.
Worse, Ed Morrissey passes along a report that friend-to-the-Left Venezuelan President Hugo Chavez will no longer be sending his suitable-only-for-heavy-oils-like-heating-oil crude over here for “free”. The cynical side of me says that won’t return because he got what he wanted out of that “investment”; kindred spirits in charge of everything. Even if I weren’t cynical, the fact remains that CITGO isn’t in the charity business anymore at a time when costs are going up.
Do you really want to be dependent on the whims of a tyrant who can’t even keep his own country powered? If not, then I have three words for you – “Drill baby, drill!”
