I just went on a trip down to see the folks in Salisbury. Me and my gal had a blast in the car, we sang sea ditties, a few rounds of Row, Row, Row your Boat, and giving away townships to each other. She would say, "Hey Dad, do ya want Elkton"? I'd respond, "Sure, why?" She would come right back at me with, "Well, you're welcome to it!" Sure enough, there would a sign that said, "Welcome to Elkton". OK, not the greatest joke, but it made the time go by pretty fast. She had filled her 97 Oldsmobile with gas before we left, but I wanted her to top it off to check her gas mileage.
We had just determined that I was welcome to Delmar, when we saw our gas station. We always get gas there, it's always cheaper then any place around. Did I need to have my prescription checked for my spectacles? Had I gone blind and these images of hell were burned into my minds eye? I started to cry when I realized I hadn't died and gone to hell, or gone blind. I cried harder when I realized the sign I saw was the actual prize. $3.91 a gallon is what we paid in our old sanctuary of gas stations.
How could this happen? They said it was going to happen. They were prepared for it to happen. It happened! $4 gas by July 4th. These people must be geniuses, they should predict things for a living. We saw gas for as much as $4.36 a gallon on our quest. The Olds worked out to get almost 29 miles to the gallon, so we escaped all the stations on the way down. I was shocked, and a little more than disgusted that we let this happen. We have set back far too long, fat cats buying 99 cent gas, eating off the dollar menu at the local drive thru barfatoriums! We were the Kings and Queens of our domains.
Now we try to figure out where the money went? OK, so gas was $10 a barrel and say the barrel held 50 gallons. We are buying it at the pump for $1 a gallon. That means they bring in $50 a barrel, having spent $10 for the barrel they are sporting a profit of $40 a barrel. Fast forward to $150 a barrel, $4 a gallon for the gas. 50 gallons brings in $50 profit. I'm not going to argue over $10 a barrel profit increase, but that adds up, it adds up a lot and it adds up fast!
Why aren't the watch dog groups saying , "Hey oil dudes! Can we have a sit down about this extra Hamilton you are pocketing while the rest of us are hurting". Let's use the small estimate of 75 million barrels a day worldwide, that's $750,000,000 a day off of that one Hamilton. I want to know why that is figured in at all. Hey, we saw the sign that said I was welcomed to Delmar, the oil guys think they are welcome to everything else!