The energy bubble for both petroleum and natural gas showed signs of weakness this week as.Nymex intermediate oil futures declined 5% and Nymex natural gas September futures contracts prices fell 12.4%.
As always Joe Six Pack shows he can "make do" and do without that extra trip in his car and shut off his pool heater. When there's no money, well, there's no money. That means nobody has the means or willingness to pay skyrocketing prices for costs that CAN be controlled. Nobody's boss is resisting workable work at home propositions from their employees, and there is technology out there that can cut down substantially on trips to the office.
With all this in mind the scarcity in energy supply is in the final determination all of our own doing or Nancy Pelosi's doing. But who elected Nancy Pelosi? People who are given money stolen from the taxpayer that's who. You don't think Nancy Pelosi gives a flying bleep about Joe Six Pack do you? Joe has to actually get his money the old fashioned way. He has to EARN it.
Again the speculators and the Nancy Pelosi's of the world get outsmarted. Remember, necessity is the mother of invention or something like that.
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