Gov to investigate oil price

Citing market manipulation of oil prices, the government want to launch an investigation to uncover how the cost of fuel is being determined. It is possible that speculators have bid up the price of petroleum, but I feel that peak oil is here.

Most people are not aware of how bad things are, future oil prices will soar due to a decrease in supply and an increase in demand as nations like India and China move away from the bicycle economy to an automobile economy. The transition from bike to car means a lot more demand for gasoline.

Protest against high gasoline prices

Filling station owner shuts off his pumps to protest high gasoline prices and profits of big oil . We need to lower the high prices.

Most people are seeing the prices climb ever up. Already some parts of the country are paying over $4/gal gas. How much longer before we face shortages of fuel?

Last year people were saying that the war in Iraq was the cause. This year the refinery that closed down was blamed, but the real reason is PEAK OIL.