The Great Gas Panic of 2008
Posted by dflak07 on September 14, 2008
On October 31st, 1938, people turned on their radios and heard that Martians landed in New Jersey. They believed what they heard and paniced.
On September 12th, 2008, people turned on their radios and heard that the gasoline would run out that very day. They believed what they heard and paniced.
The highest gas price gouge I saw was a 70 cent increase by BP. The lowest was 20 cents by Wilco/Hess. On my way back from lunch today, stations were already lowering their prices.
I hope that the tens of thousands of fools who paid over premium price for regular gas learned their lesson. As it is the damage already has been done. These gullible wusses spoke in actions louder than words to the big oil companies, “Go ahead rasie gas prices to whatever level you want. WE WILL PAY ANY PRICE TO GET OUR GASOLINE FIX.” If there is any argument against more oil dependancey this is it.
The stampede of the stupid clarified my position on off-shore drilling. I used to support it only if accompanied with a tax on gasoline to be used for alternative fuel research. Now I still hold the same position, but the new rigs must now be capable of continuing operations in a Category 5 hurricane.
