The price of a barrel of Oil fell by $0.38 (That's 38 cents, my friends...) and the headlines are proclaiming a colossal sell-off leading to the imminent "Bursting of the Energy Bubble". If I wouere you, I'd get the hell out of the way as the bursting bubble might cause e a massivetsunami in the economy, and many could be hurt, or even killed. Oil is, as of Friday, the 18th day of July, 2008, a mere 128 dollars a Barrel of black goo, pplus small change. Forget $147 a barrel last week: that was just a bad dream caused by eating salmonella laced tomatoes.
At the supermarket today, I saw people lining up to buy food for the first time in two weeks with the money they will save as gasoline prices at the pump fell by a penny. American capitalism works, folks. I even heard a woman tell her young son that now he can have Pop-Tarts again! Oh, Joy of Joys.
I for one, am going to take my family out to a restaurant tonight and we are going to splurge on toothpicks from their front counter, in celebration of the Bush Energy Policy, and Dick Cheney's willingness to give up his next million dollars in Energy profits. This is what the founding Fathers had in mind.
May be the Dalai Lama got to the Nymex Commodity sharks; may be they read up on Mahatma Gandhi, or the Sermon on the Mount. But whatever it was, something gave them Religion. It is even possible that they may vote for Barack Obama.
Lines are forming at the corner gas station and drivers are fist-fighting each other in arush to take advantage of that penny-drop in gasoline prices. When, when dear people, did that last happen? Ask your grandparents: they may remember the last penny-drop.
I feel so sorry for thge Saudis and ther Kuwaities and all those others who have been making big plans for aSummer of orgies. They will now have to tighten the belts around their kaftans ( do they have belts?) and lay-off a few camel-drivers.
Though the days and nights of 'cheap" (affordable) oil and gasoline may be gone, gone,gone, it is heartening to know that when you multiply that penny-drop by gallons per person by six-point-three-billion ( the World's population), you can see that in one single historic moment in time, all the hungry can now be fed, the sick cured and the homeless multitudes sheltered.
Oh, thanks, NYMEX Traders; thanks, George Bush, Dick Cheney and all the unknown, unheralded Angels of Mercy in White Desert Robes who have brought this about.
I don't know about you, but I am going to start my car and run it, idling, for a whole minute justb to hear again the sound of Prosperity.
Happy pumping,. y'all.
Friday, July 18, 2008
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