Gas Prices are going to lead to another Scooter Boom

The Scooter Scoop just called this one. http://networkedblogs.com/c9900

Seriously, the US Scooter Industry is going to have another roller coaster ride. So any dealer that survived 2009/2010 will hopefully be swimming in cash in the Spring. Gas is already $3.25 by my house and I'm in Miami where we can ride scooters all year long.

This country needs to wake up. We need alternative sources of energy and transportation because OPEC wants money.

There are some big things happening. First off OPEC wants money and as the world turns to other currencies oil is going up.

Demand is up for the first time in years and unless there is China real estate bubble that bursts ( Its being said the Chinese real estate bubble is a 1,000 times bigger than Dubai and when it happens it will be huge ) but if it doesn't happen then gas is going up because demand from China is up.

We have fewer refineries and Americans are starting to drive again. The airline industry is making a profit and using more gas. Plus we have problems in our backyard that somehow everyone seems to think are going to go away.

The guys name is Hugo Chavez and he owes American companies, Colombia, and pretty much everyone else millions of dollars. So in order not to pay people he starts conflicts on the border with Colombia and threatens to stop supplying the US with Oil. He's not stupid he knows he will loose in International court, but like a true communist when he takes your property he doesn't pay you.

Chavez in Venezuela is about to dump and liquidate Citgo ( All US drivers know this name it's owned by Venezuela so unless your name is Oliver Stone and you suck up to dictators then you know this isn't a good thing.) So back to Chavez he will be selling Citgo for a loss because he knows in 3 to 4 years he will be hit with multi-billion dollar judgments for all the American companies he's taken without due compensation. CNN is run by a bunch of communists in case nobody has noticed so we don't really get the news on Chavez or what has happened in Venezuela, but basically it comes down to the government is taking away all the supermarkets, food producers, as well as American oil companies properties. Then they run it and they run it into the ground like all failed communist countries. Venezuela used to be one of the largest food exporters and now they have to import food just to give a wide example of his great policies. Same with gasoline, they are importing gasoline and there are rolling blackouts in one of the greatest cities of South America. That's besides the point when he dumps Citgo there will be major distribution problems to the USA and since he's bound to fight the US companies in court it will disrupt exports to the USA. This is why the Obama administration doesn't want to confront him directly and our court system is slowing down the process for companies like Exxon to be compensated by getting judgments against Venezuelan owned assets in America. Does this remind anyone of all the Cuban assets frozen in American banks that even Clinton wouldn't touch?

When this happens and it will happen gas prices are going up in the next two to three years.



From Reuters:
With 2010 demand showing the biggest gains since 2004 and expectations of a modest increase in 2011, the Organization of the Petroleum Exporting Countries could be pressured to open the taps next year, another Reuters poll showed.

The poll of 12 top oil-tracking analysts showed that oil demand this year had recovered far faster than anyone predicted earlier in 2010, and while growth is expected to slow in 2011 it will still reach a new all-time high.

This year “turned out to be a year of recovery, with economic and oil demand growth clearly beating expectations”, David Wech at JBC Energy in Vienna said.

With non-OPEC supply expected to rise by only 200,000 barrels per day next year, OPEC could have to increase output by 800,000 bpd to keep pace with demand, the poll showed.

Ministers from the Organization of Arab Petroleum Exporting Countries (OAPEC), which includes OPEC members such as Saudi Arabia, Algeria and Kuwait, will meet for two days starting on Friday to see how they need to fix prices to get their 2011 diamond studded Benzes before Springtime.