In my area, the cost of a gallon of gas has dropped from $3.61 to $1.93 as of yesterday, or $1.68 a gallon savings
Marvelous. But why?
Simple when you think about it.
The United States has recently become the second largest producer of crude in the world, supplying even more than Saudi Arabia. This is due to fracking, shale sands and the massive exploration and production of crude by smaller companies on non-government lands, resulting in a plentiful supply of crude,
That's not what was dropped the cost.
The cost has been deliberately dropped by the huge energy conglomerates worldwide to the point where these new smaller American and Canadian suppliers will not be able to survive financially for more than six months. At that point in time, these smaller producers will collapse and the plan is to buy them up for pennies on the dollar - and then the price or crude will zoom back up.
The drop in the cost of gasoline is nothing more than a incredibly cynical and vicious move by those in positions of power: Bankers, Wall Street, corrupt politicians... the usual suspects, to keep a death grip on oil, to control its production, its delivery and its cost.
However, we can all enjoy the savings for the next six months.
Then, look out. These bastards will be back for their pound of flesh.