As the Memorial Day
weekend neared the price of gas at the pump in New York State skyrocketed to
$3.21 per gallon for regular. In the past year crude oil has risen 33 percent.
The Bush administration and the mass media claim the cause is the law of supply
and demand. According to them the industrialized countries are “addicted” to
oil and, particularly in the U.S., as the summer vacation period approaches,
demand is going up. Add to this the lingering effects of Hurricane Katrina on
oil production and the refineries in the Gulf of Mexico, and the burgeoning
energy needs of the booming economies of India and China and fears of political
instability in the Middle East, particularly because of the continuing war in
Iraq, where oil production has not returned to pre-war levels, and a possible military
confrontation over Iranian nuclear ambitions, and terrorist attacks on oil
facilities in Nigeria, and the result,
according to the bourgeoisie, is a classic situation in which demand far
outstrips current oil supplies.