Here’s my problem with that. We did nothing to limit speculation, and the big push to do something was forgotten by the public about 5 minutes after gas fell below $3/gal. As soon as demand starts to go up even the slightest oil contracts are going to be the hot ticket again and the price will be artificially inflated again. Instead of allowing that the reforms should be passed now, but it won’t happen. Instead people will read a 2 sentence blurb under a graph like the one pictured above and just say, “oh yeah, speculation wasn’t a big deal”, even when many economists will point to the graph and say it PROVES speculation was a major problem.
I agree. I knew that once gas dropped people would forget about it and worry more about other issues. You barley hear about hybrids, new technologies, etc as soon as gas dropped and even law ideas to help consumers.
Hell, even I am now looking at a SUV.
mmm owning a V8 car and a V6 gas sucking jeep has never felt so good
I feel bad for the people who jumped on the $1.99 and $2.99 for life gas promotions when they bought new cars. Lol