Oil dives below $50 bbl, near 2 year low --- Internet headline on November 20, 2008
Have you ever noticed the way the gas prices at the pump change? If there is a headline or a news clip that says that the price of a barrel of oil has increased by $10 or $15, instantly the prices on those marquees at gas stations are increased right now – no hesitation whatsoever! In fact, if there is even a rumor that the price of a barrel of oil is going to increase, that is enough to up the pump price at least 10 cents or more per gallon – and that is quite some time before the tanker pulls in with a new supply of gas at the new price!
But when the prices of a barrel of oil start to drop off as they have been doing just recently, have you noticed how long it takes before that is reflected on the marquees? It takes about forever and a day until they finally reduce the price by a few cents – always lots and lots of foot dragging on price reduction.
It becomes a real stand-up comedian style experience when the oil company executives try to explain these things – one a while back attempted to explain when the prices were going up and then there was some reduction in the price of a barrel of oil but no reduction in prices at the pump that the oil companies had “absorbed” some of those earlier increases and that was why the price at the pump had not dropped as quickly as expected! Yea, sure – and what was that recent report about Exxon-Mobile having another quarter of record profits recently?
The name of the game in the petroleum industry is still pure unadulterated greed! But of course greed is the kind of disease that is pandemic at the present time and not limited to the issue of how much you pay to put a couple of gallons of gas in your tank – if you want an example of how it works in other areas, just look at what legislators have voted for themselves regarding salaries and “perks” at the state and federal levels – and that’s just for starters!
A Bible prophecy is right on target about this issue:
But know this, that in the last days perilous times will come: For men will be lovers of themselves, lovers of money…..--- 2 Timothy 3:1, 2
But there is good news – one of these days the Creator of this great universe is going to personally step in and interrupt the flow of human history – He will take complete control of this planet and things will be done His way from that moment on. To say the least, it will be a whole new ball game for the human race! The greed thing, along with a lot of other maladies afflicting the human race (including the desire to always wage wars somewhere), will no longer exist! One other great blessing as noted elsewhere on this blog is the undeniable fact that all politicians will be out of a job!
For unto us a Child is born, unto us a Son is given; and the government will be upon His shoulder. And His name will be called Wonderful, Counselor, Mighty God, Everlasting Father, Prince of Peace. Of the increase of His government and peace there will be no end, upon the throne of David and over His kingdom, to order it and establish it with judgment and justice from that time forward, even forever. The zeal of the LORD of hosts will perform this. --- Isaiah 9:6, 7
Then I saw heaven opened, and behold, a white horse. And He who sat on him was called Faithful and True, and in righteousness He judges and makes war. His eyes were like a flame of fire, and on His head were many crowns. He had a name written that no one knew except Himself. He was clothed with a robe dipped in blood, and His name is called The Word of God. And the armies in heaven, clothed in fine linen, white and clean, followed Him on white horses. Now out of His mouth goes a sharp sword, that with it He should strike the nations. And He Himself will rule them with a rod of iron. He Himself treads the winepress of the fierceness and wrath of Almighty God. And He has on His robe and on His thigh a name written: KING OF KINGS AND LORD OF LORDS. --- Revelation 19:11-16