It's the refineries that were in trouble if I remember correctly. Oil supply wasn't going to be nearly as affected as the refineries that turn the oil into fuel. Since the refineries shut down, there was going to be a lot of oil waiting for them when they open up again--which is why oil is probably going down. And since refineries are closed, fuel isn't being produced as much, hence the higher fuel prices.
At least, that's what I remember hearing anyway. I'm sure if I'm wrong I'll hear plenty about it.
At least, that's what I remember hearing anyway. I'm sure if I'm wrong I'll hear plenty about it.
speculators are running for cover, what more do you need to know?
Please don't tell me somebody actually still believes the POTUS controls the world wide price of oil.
:nohead:
In the internet era, you would think everyone has a little more perspective, no?
Gas prices shot up in anticipation of damages to refineries reducing short term supplies. They'll bounce back down soon enough.
Please don't tell me somebody actually still believes the POTUS controls the world wide price of oil.
:nohead:
In the internet era, you would think everyone has a little more perspective, no?
Gas prices shot up in anticipation of damages to refineries reducing short term supplies. They'll bounce back down soon enough.
Oil Co's are lowering the prices because they want to see a republican get elected President..
They think that most americans are STUPID and will FORGET about the record prices in November.
Expect them to keep lowering prices until after the election...
If Obama wins prices will Fall.
If Mccain wins Prices will Skyrocket as they did under Bush..
They think that most americans are STUPID and will FORGET about the record prices in November.
Expect them to keep lowering prices until after the election...
If Obama wins prices will Fall.
If Mccain wins Prices will Skyrocket as they did under Bush..
I wonder how the leaders of the rest of the world, specifically the G8 or even OPEC feel about the "Republican strategy?
They don't even think about it because such reasoning is a joke.
They don't even think about it because such reasoning is a joke.
