Monday, May 08, 2006

Do not despair, the market is here!

AOL News (AP) reports on a market solution to rising gas prices: buy gas now and store it for later. That's right; create your own strategic oil reserve!

One lucky prospector is tapping the 99 cents a gallon gas that he has stored in his private reserve. What a deal! What a solution!

The market always creates solutions for economic issues. Saving gas is the perfect hedge investment for those looking to offset rising fuel prices.

That said: It's only a matter of time before Government clamps done on this solution. Why? In an interventionist society such as ours, Government cannot allow individuals to act autonomously; Government must always direct the process.

Until the bureaucrats finally catch on, invest in your own personal oil reserve.

Something else to consider: Those who prophesy the imminent end to the world's oil reserves should be investing all their money into storing gas for later years. Though the Henny Penny's of the green guild continue to scream that the sky is falling, they never put their money where there mouth is. Could it be that they do not believe their own gaseous vapors?

Jim Fedako

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