The price of gas is definitely going to have an effect on where I fish. As a matter of fact I have decided not to go to Canada fishing this spring and go locally. I believe that they regulate the price of gas in Canada. It's about 5.50 or 6.00 a gallon. All that tax they put on it.
I saw an article the other day and then heard a discussion that was pretty interesting. The theme was that a lot of people (and I'm talking about people with big bucks) are limiting the amount of money they invest in the stock markets right now because of the uncertainty. They needed some place to put the money they pulled out and have gone into commodities futures. They are buying oil futures betting that it will keep increasing and have driven the price up to a really stupid price. Yesterday it went down about $4 a barrel and today it went back up about $4. They are also buying grain futures betting that the bio-fuel industry will take off. That has run the price of corn, soy beans and wheat out the roof, therefore food prices get a double whammy. Basic raw material plus fuel and transportation cost.
I suppose that we could put a price cap on gas, but I don't think it would help. A majority of the people speculating on this stuff do not live in the US and none of our laws woud effect them. The people supplying this stuff won't sell at a loss and if they can't sell it here for a profit, they will sell it somewhere else. It might not be right, but that's how it works.
I think that the only way we can ever get prices down or at least stable, is to start more drilling. If we could drill in Alaska, or even in the gulf where the Chinese are drilling with Cuba's blessing, it would give us more of a domestic supply, and help hold the price down. Since we buy over half of our oil outside the country, the president, no matter who the president is, can't do much to control it. If some of our great public servants would take the tax (I think here in TN about 45 cents a gallon) off it would certainly make the pain less, but when has the govt ever given us back a tax?
Maybe I'm just being gloomy about this, I know it is definitely not good, but then life ain't necessarily fair anyway. When I retired I downsized my outboard to a 40hp. It's definitely not as much fun and the 200 but it sure uses less fuel.
Anyway just my opinion.
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A day late, a dollar short and two drinks behind.