Word travels fast, so I am sure that everyone knows that oil prices rose close to $11 more a barrel! What is the world coming to? At this rate, experts predict that a barrel of oil will cost $150 by the fourth of July. I don't know if our expressed opinions are heard or not, but it's worth a try, right? In an article posted on the website The Huffington Post, author Raymond Learsy, tries, and I think succeeds, in publicizing his thoughts on the issue.
Mr. Learsy's article is titled, Oil's Largest One-Day Gain On Record: Thank You Bernanke, in which he purposefully calls out Ben S. Bernanke a Federal Reserve Chairman and shareholder in Bernanke Oil. His rant is filled with sarcasm regarding Bernanke's attitude toward oil and his obvious lack of care toward the common people and their struggle to afford gas. Mr. Learsy mentions that "Bernanke signaled to the markets and the world at large that high prices were not an issue for this government nor would they be as oil prices moved higher still." This comment shows an apparent disregard for anyone below high-class status, such as Mr. Bernanke himself. After reading this article, it occurs to me that Mr. Bernanke may not have very many friends.
I have nothing but praise for the author of this article. I do not feel that he did any wrong or showed any bias. The subject of oil has been an ongoing concern, and the government has not done much to help relieve the stress. There are options out there that would somewhat lessen the price of oil, but they seem to have been left on the back burner. What about the little people? The article was truthful in its facts, stating that "homes freezing in Maine and Dakota winters, truckers losing their rigs, airlines cutting their workforces by the thousands and severely cutting back their service, family budgets being ripped apart by the price of gas, small businessesunable to meet their payrolls." This is the reality of our situation, but the government fails to take notice. No one is going to boycott buying gas, and I think the government is aware of this, therefore, there are no controls placed on the price of gasoline. It is something the economy needs, so we will continue to use it. However, households shouldn't have to sacrifice buying food, in order to make sure they have enough funds left to cover for gas. It is an evil circle that we are in now. And Mr. Learsy's article was another act of someone voicing their opinion, hoping it would be heard.
The above mentioned article can be found at: http://www.huffingtonpost.com/raymond-j-learsy/oils-largest-one-day-gain_b_105594.html?view=screen
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