Quote:
Originally Posted by ThunderBalls
Supply and demand my ass. There's not 4x the demand there was 10 years ago.
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The hell there isn't, and the supply of available oil is less then it was 10 years ago, now add to it that the Chinese and Indian governments subsidize gas prices for their citizens so they don't feel the brunt of prices which turn makes them have no desire to conserve.
Quote:
Originally Posted by spacedog
Oil companies are only paying $28 per barrel for crude drilled in USA..
GREED + politics is the reason prices are so high
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$28 a barrel is bs, as stated above speculation is big reason why prices are skyrocketing but if oil was flowing like water (huge supply) it wouldn't matter what the Iranians or anyone else in the ME did.
Why the US wont open up Anwar, the east Gulf of Mexico and parts of California is beyond me