Quote:
Originally Posted by parinoid whck job
No, once again I prove you are a mindless dolt, who has no business discussing how to blow his nose, much less science and economics
BUT....still waiting for the ONE (1) example of a time when the price of gas DECREASED, due to new exploration and drilling.
Oh , and while you are at it...explain (LMAO) how the Oil companies recoup the costs of production
Take your time....Hahahahaha !!!
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Gee, I wonder if this means that crude oil is a commodity and thus is an industry, market trader governed priced entitry and is only marginally effected by "supply and demand" and even then, not by the product being current produced, or even years after, if at all
You know what, I think it also means that that the gas at the pumps is priced based on "futures and projections", not current or new oil production.
Oh my, I think this also means that the "cost turn back" period on new exploration and drilling, would be years and even decades away, and in the mean time, oil companies, and more impotrantly, their stock holders, would never think of a price reduction after such an investmant, nor would they lower the price one the cost point as established
Come to think of it, the price of gas have never (NE-VER) gone down based on new exploration, drilling or new production.
Jeeze, a person would have to be a real fucktard not to know this !