Oil hit $130 a barrel for the first time yesterday, experts say oil could hit $200 a barrel by 2010. That means YOUR gas prices will be even higher in the weeks and months to come. Some experts say gas prices will hit $8.00 a gallon as we look ahead.
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These skyrocketing gas prices equal even more bad news for YOUR FAMILY and Gov. Rick Perry and Sen. Kirk Watson's freeway tolls, which futures are financially fused together. But Perry and Watson could care less.
The San Antonio Express came out with an article last year that tells why high gas-prices negatively effect the prospects of more toll roads. The feasibility of all toll roads are based on traffic and revenue projections, which are tied to gas prices.
The Traffic and Revenue projections for SH 130 toll road is based on the assumption that motor fuel will remain in "adequate supply and motor fuel prices will not exceed $2.50 per gallon".
130 toll failed to meet it's 1st year projection by over $11 million dollars reported the Statesman. Who do you think pays for a failed toll road? Look in the mirror. Who do you think still makes a profit? Yup, the banks that floated the BILLIONS of debt.
Many folks are having a hard time affording $4.00 a gallon, and less folks will be able to afford $8 a gallon. It is time to sell your SUV, and move closer to your work.
Just a couple of months ago the Energy Watch Group put out a report that states that the worlds oil supply peaked in 2006, and production will start to decline at a rate of several percent per year. That means gas prices will only rise, and in the months ahead, you'll be thinking of the good old days when gas only cost $4.00 a gallon.
Hell, when the real shit comes down in the years ahead, Gov. Perry and Sen. Watson will be out of office, sitting on an island somewhere enjoying time with their family and the the security of tons of money in the bank.
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