Traders Or Traitors
ust yesterday I filled up my Ford F150 truck for the week. Fortunately, I don’t have to drive very far to the office, but still, it cost over $100. We all like to blame the Saudis, the oil companies and our politicians — indirectly they do shoulder some of the blame, but, as I see it, they actually have very little to do with what we are paying for fuel. I blame the commodity traders. These are actually the folks that impact the prices we are paying and they are also the people ruining our economy.
Due to their “gambling” habit, we pay prices they set for the commodity — namely a barrel of oil. They’re gambling on the price of a barrel of crude two months, six months or even one year from now. We are begrudgingly lining their pockets.
I agree we have a lot to learn about conservation of resources and development of alternative energy. We need to develop those alternatives but we also need to feed our families until those new strategies are developed. Let’s make hydrogen fuel cells more viable, let’s harness solar energy in our homes and let’s do all those things that’ll make us less dependant on foreign oil. But also, let’s drill here at home, let’s use nuclear, let’s build refineries and let’s build the distribution systems we need now.
Perhaps we should also tell the traders to stop or we will stop you ourselves. They are impacting the US economy and the quality of life for millions of Americans. That’s Toro Caca and it needs to stop right now.