07-21-2008, 03:19 PM
|
 |
CC Member
|
|
|
Join Date: Jun 2002
Location: Planet Mercury,
AZ
Cobra Make, Engine: Cobra-less for now..
Posts: 765
|
|
Not Ranked
I am a little surprised that almost no responder seems to be aware of the over supply of oil in the US due to decreased demand. Supply problems cause you not to be able to buy as much of a product as you want regardless of cost. Like the 1973 oil embargo by opec. You could not buy as much as you wanted in the US at any price at that time, period. If it is not speculation by the greedy few, then why has Canada's gas price increased as well, they are a huge producer and supply 17% of US needs and have abundant oil for domestic uses. Their taxes have not been increased, before someone jumps that way. . It is because of speculation , pure and simple that this is happening. Not "refinary" - refinery by the way, capacity.
Gas prices have dropped about 4% in Phoenix this week which coincides with the drop in crude futures on the speculation market. Everyone in California knows about Enron, same thing different energy here. A free market in commodities is not a very good idea at all, witness the collapse of our economy as it is happening before your eyes. As stated above, the total mismanagement by the current government, on both sides, has caused this problem. They have significantly blundered at every turn since taking office and I doubt that there is one employed person on this forum who thinks their life is better now than it was in 2000, or that their prospects are as bright... 
__________________
It's under a big W, a big W see?
Last edited by Mulv; 07-21-2008 at 03:22 PM..
|
Linear Mode
