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Old 05-30-2007, 11:33 AM
Machiavelli Incarnate
 
Join Date: Mar 2006
Posts: 12,292
Default At this time last year, oil was ...

$75/bbl. Right now it's $65/bbl. Yet a gallon of gas is much higher than it was a year ago. What gives???



Btw, I got your answer. Hint: it ain't market economics. It's CAPITALISM!! Anytime you can increase total profits while RESTRICTING supply, the capitalists will do it. Why not?

Btw, the supply restrictions are totally artificial.
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Old 05-30-2007, 03:16 PM
gdfather02's Avatar
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Join Date: May 2006
Location: Fort Lewis, WA
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Quote:
Originally Posted by George O Well View Post
$75/bbl. Right now it's $65/bbl. Yet a gallon of gas is much higher than it was a year ago. What gives???



Btw, I got your answer. Hint: it ain't market economics. It's CAPITALISM!! Anytime you can increase total profits while RESTRICTING supply, the capitalists will do it. Why not?

Btw, the supply restrictions are totally artificial.
Links to show your supposition??
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Old 05-30-2007, 06:18 PM
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As is usually the case, George is only partially correct. Even the oil executives are saying the supply is being squeezed right now by maintenance and cut-over to summer blend fuels. Artificial or not, who knows.
Personally, I think they're playing us.
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