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DECLINING GAS PRICES HERE TO STAY?

By
Real Estate Agent with www.DFWAreaRealtors.com - Action Realty Group

During these strange times in our economy there seems to be a little good news occurring - gas prices have dramatically fallen in the last several weeks!  It seems like just yesterday the price per barrel of crude was close to $150.00.  Friday it was selling in the $64.00 range!  I gassed up Friday for $2.37 a gallon!  Our "friends" OPEC are becoming alarmed and decided to do something about the falling price and got together late last week to cut production in an effort to raise their prices back up.  It may have backfired as even after their collusion meeting the price still went down!  It appears that the markets are very well aware that there is currently not a shortage of oil (thanks in no small part to the weakening economies worldwide).  Now I've noticed that for our politicians (one in particular) the energy topic seems to have disappeared!  All we hear from the front runner is "Middle class - middle class - middle class - spread the wealth - fairness blah blah blah!"  I haven't forgotten that we HAVE to increase our energy independence asap using an "all of the above" approach!  Some say it would take 10 years to start seeing any oil from new drilling?  Baloney!  We put a man on the moon in 10 years - we can't drill a well and get the oil into refineries way sooner than that? Give me a break!  I for one believe we can eat whatever we want, drive whatever we feel is appropriate, heat or cool our homes however we want and as a free sovereign country we shouldn't care what other countries think!  Our GDP was 13.84 TRILLION in 2007, the next closest country was Japan at only 4.38 Trillion!  We as a country are the most productive and most giving in the world!  We cannot allow other countries push us around! Can we?  Lets keep on our politicians through and after the elections to get us off foreign oil as soon as possible!!!