
02-25-2012, 09:02 PM
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CC Member
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Join Date: Sep 2009
Location: Camarillo,
CA
Cobra Make, Engine: SPF #2608, Roush 427SR T-W
Posts: 911
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Not Ranked
I'm pretty sure the way it works is the oil company tries to sell it's products where the refinery will make the most money. While it is not exactly like wigets, if a wiget company could make more money selling wigets in a foreign country after the transportation, taxes and other costs, they would sell it in that foreign country wouldn't they? The EIA website shows for the most recent week we exported 606 KBD gasoline but we imported 788 KBD of gasoline a net import of 182 KBD. We tend to import gasoline from Europe and export our diesel to Europe. There is no silver bullet when the Saudis set the price and the bankers trade crude futures. If you want a new tax, tax energy futures trading world wide but that won't happen because the bankers own the government.
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