One thing consumers are wondering these days is why the oil company giants are taking their sweet time adjusting their current gasoline prices despite the dramatic decrease in the world market. While government intervention seems to be useless, the conclusion is that they are dilly dallying to be able to make up for losses from previous years. Is that ethical?

Surely, auditing their financial records is not expected to help. For one, it is easy to maintain two sets of financial statements, one which is false and the other as the real and authentic one. Of the two, it is obvious that the former will be the one used as many businessmen want to avoid being reprimanded or penalized if found to be guilty of taking advantage of the situation.

As far as the government is concerned, perhaps this is one instance where they can show the validity of being recognized into power. Major players are taking advantage of the situation and hopefully this can be corrected.

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If you are happy at the current trends of weekly oil price drops, better make some provisions for potential price hikes once again no thanks to the continued political indicators that have stemmed from wars in countries like Russia and Georgia. The United States is at it again and while the conflict has already been elevated to the United Nations, there is no telling what courses of action that President Bush may suddenly create and once again put us into crisis.

At the moment, the debacle in Russia seems to be stabilizing but do consider the fact that this is only one piece of the problem. Further issues such as eventual shortage of actual resources and oil hoarding are bound to ensue. So if you think it is time to close the alternative fuel developments around the world, doing so would place us in worst situations.

“I don’t think it will go down below $100 for very long,” said Christopher Ruppel, an energy analyst at Execution LLC, a broker and research firm for institutional investors like hedge and mutual funds. “Once you go down too low, you’ll shut down new production, and prices will go right back up.”

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