The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Gas Prices:
It’s NOT Supply and Demand!

May 18, 2009

Prices at the pump are rising again. The oil companies always say it’s because of supply and demand.

But today there is a deep recession. The demand for oil is at a 10-year low.

Meanwhile, the supply is high. Tankers of crude are anchored offshore in fleets, waiting.

According to “supply and demand,” pump prices should be dropping like a rock.

If not, it’s because of an oversupply, all right – an oversupply of speculators!