tag:blogger.com,1999:blog-658005950706265601.post6859322897281212707..comments2023-08-16T09:18:00.307-04:00Comments on The PACIFIC GATE POST: • OIL PRICE BUBBLE - IS THAT A HISS WE HEAR?Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-658005950706265601.post-5019421842732498852008-06-10T20:47:00.000-04:002008-06-10T20:47:00.000-04:00Interesting observations. Assuming that you are c...Interesting observations. Assuming that you are correct, here is my subsequent question. If Exxon Mobil is predicting $75/barrel crude as things stabilize, where is the real menace in the current landscape? Are the energy vendors/brokers making as many bucks as they can before the election?<BR/>McCain will go after them with all he has, if he suspects unfair gouging. Obama, assuming he survives the barrage of homicidal nut cases out there, would be more of a push over - but is still very much a wild card. Exxon is all about high ROI, extreme profit (as they should be). Perhaps they are filling their war chest for leaner days ahead. Perhaps if we nudge $4.60 or $4.80 per gallon for gas, we will resolve the hydrogen powered car debate.<BR/>My hope is that the new administration will heavily invest in our country's future. New technologies (and the pursuit of the same) create entire new industries and desirable jobs. We just have to remind the public that, like space exploration, we are putting federal money to use, not burning it. Turns of dollars could be a key ingredient in the begin of an economic turn around. This is where the Obama rhetoric is useful. <BR/>If only Fred Thompson had stayed out of the race - my man Huckabee might still be swinging.Randy Goldmanhttps://www.blogger.com/profile/17616762018343646944noreply@blogger.com