A Week of Oil Charts #1

I got an outstanding report send to me the other day which does a great job of showing why oil is so overvalued, why it isn't BIG OIL that's been driving up prices and is about the best way I can think of (aside from $4 per gallon gasoline) to convince those (primarily on the left) that it is plain, simple economics driving prices and not some BushCheneyHaliburton Bogey Man.

And I say this with a half conciliatory tone in that I want to in a very Dennis Prager type way to try to convince those otherwise instead of just berating them as "stupid effing liberals." That being said, if these charts don't convince you, then I have no problem berating you, simply because if you can't see this is why oil prices are so high, then you literally, quite LITERALLY are one of two things;

1. A moron
2. An operative who fully knows why gas prices are so high, but will feign otherwise because you have a political agenda and are not only being intellectually dishonest, but a hypocrite as well.

So here's the first chart, which I think some of us are already familiar with, other commodities have been going up as well;


This obviously points out that if you're going to blame "big oil" for manipulating prices, then you might as well blame "big wheat" "big aluminum" and "big copper." Prices of pretty much all commodities have been going up because of increasing demand from other countries around the world growing at a much faster pace than the US.

Again, if you are to be intellectually honest, then you should be just as pissed at big corn or big coal. You would also have to expand your conspiracy theory to make it so Bush and Cheney not only ran oil, but all these other commodities as well.