Surge in Oil Prices-- When Will it Stop?

Has anyone besides me felt as if oil prices have just kept rising? Let's take a look at the facts. Back in 2003, oil was under $25 a barrel, but ever since the August of 2005, it has raised from $60 dollars a barrel, then to $75, (there was a brief interval when it dropped to $50/barrel, but that was because of pure economic luck--Bush took advantage of it and said he had decreased oil prices); and now, now ladies and gentlemen, we're at over $100 a barrel. You could pretty much say the Saudis are having a field day.

Just this past summer at a student forum, I was given the opportunity to talk with students and professors from Dubai. Surprisingly, I found out that many oil-rich Middle Eastern countries are rising prices on purpose; they know that the American people will blame their president, not the countries themselves. But c'mon, are we really to blame? Think about it. Just last week Bush said, "Wait, what did you just say? You're predicting $4 a gallon gasoline?" when when a reporter mentioned the possibility of pumping gas for $4 a gallon. Mr. President, be realistic. I know you think the American people are a bunch of clowns who tap-dance just like you at press conferences, but sometimes you just take it too far.

Anyway, we'll have to wait and see if the economists are right about the gas prices. It's safe to say that they will be, especially with many of them having predicted the big R word back in mid-2007 (Bush's reply: "Huh? What? What's the R stand for?"). But one thing is certain, our country needs an economic savior, and fast.