Monday, July 28, 2008
Peak Oil, Ken Botyos is at it again
You ready for another rant?? In the past couple weeks, the price of crude dropped from about $147 per barrel to $123 per barrel. That’s a 16% drop. Two weeks ago, the price per gallon of gas was around $3.99 per gallon. I am still seeing gas at $3.89 - $3.98 per gallon. That ain’t sh*t for a decrease. A 16% decrease would put gas around $3.35 per gallon. I don’t necessarily expect that, but I would expect the price to drop significantly more than what it has. You know damn well the price per gallon of gas would increase by 10 cents if the price of crude were to increase by $5. Where is complementary drop?!?!