George Wallace was right!

While I was perusing the Internet for a news story to use for my last post, I came across an interesting story from CNN/Money on their latest survey.

Apparently. Americans are more worried about gas shortages than the rising cost of gas. As I said in the headline, George Wallace was right -- people are so stupid! All of the negative comments and hyperbole from analysts from Morgan Stanley and Goldman Sachs, and from oil industry executives who continuously say there is an oil shortage are having the effect that they had hoped for.

Let me explain, so you can understand -- there is no oil or gas shortage, and there's not going to be. The U.S. has more oil in reserves than they have had at any time over the past 15 years, demand over the past two quarters is down compared to the same time the year before -- and demand for oil in the U.S. over the past 20 years has only increased two percent.

When there were real gas shortages in the 1970s and in the 1940s, the government took measures to reduce the use of gas -- rationing in the 40s; reducing the speed limit in the 70s --they aren't doing anything like that now, and there's no discussions about it because there is no gas shortage. Hell, they haven't even dipped into our reserves yet. When you start seeing serious government action to reduce fuel usage, then you can start worrying. Until then, stop being morons!

RoadRage