gas prices, take 2 |
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gas prices, take 2 |
scotty914 |
Aug 29 2005, 02:39 PM
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#1
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suby torque rules Group: Members Posts: 1,528 Joined: 20-July 03 From: maryland, the land of 25 year Member No.: 924 |
okay with the hurrican i have been watching a lot of fox news. according to opec they will pump more oil to help. here is the crazy part opec is going to hold a meeting next month to figure out why gas prices are as high as they are, they stated the opec pumps and sells the oil at 12 per barrel.
so who ever is buying the oil at 12 per barrel is marking it up to a current price of 67 a barrel, i wonder if this is along the lines of enron, artificially marking up the oil. i have read a few things lately about oil wells, some thing like 70 % of the wells that were dry 10 to 20 years ago now have oil in them again, and but that they mean full flow pumping, not partial. right now there is a 55 billion gallon oil surpluse ( just heard it ) in storage in this country. |
scotty914 |
Aug 29 2005, 03:52 PM
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#2
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suby torque rules Group: Members Posts: 1,528 Joined: 20-July 03 From: maryland, the land of 25 year Member No.: 924 |
no the 55 billion gallons is privately held by the refinerys and private parties, it does NOT include the US government stash, it is the surplus that they have had to hold on to because they bought it and dont/cant/want to sell or use it.
the us gonvernmet has enough oil held to run the whole country for a year at current uses. and i never use the news to make discions, i do other research. we had cnn ( commie news network ) on in another room, and happen to hear them say something to the effect of oil prices should go to 100 per barrel, just so people use less. they did not say should as in it will, they said it as in if they could make it cost that much. then the next story was about gas prices and they said how this wont effect the rich, it would only effect the poor |