Or ride a bike everywhere, or walk, because lots of signs are pointing to worse gas prices than ever, and not because of the Middle East.
Mostly it's again due to incompetence of this administration. For one, picking a fight with Chavez and saying he's the greatest danger to the U.S. in the hemisphere was not very politic or smart. For one, it just makes him more vocal, more popular, and more influential. He's the David to our Goliath, and everyone is going to be sympathetic to the crazy little South American leader even if he is a little nuts if we start picking on him. As a result he has threatened to
cut of oil exports to the US. It's just crazy enough to be possible.
Then, there is the developing story of Nigerian militants fighting to recapture their state's oil resources from foreign oil companies claiming they have been robbed of their natural resources, ruined by corruption of their government and had their land polluted and ruined by the industry. They have been
blowing up oil facilities and seizing workers since Friday when they threatened to do so if all foreign oil interests did not leave by their 24 hour deadline.
So, two of the largest exporters of oil to the United States are within a hair of shutting off the pumps, this might be bad for oil prices.
**Update** Now the Nigerians are
threatening rocket attacks on international tankers. I'd say oil might be going up today.
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