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Originally Posted by arock10
The oil companies spends loads of cash to lobby the government to get more or less whatever they want. They still make record profits eternally either way. Why would they want to drive the price of oil down? Also, some drilling methods as discussed earlier aren't viable if oil prices are below a certain level...
which brings me to the natural gas part of things. Due to technological advances creating a huge oversupply, all the natural gas companies are losing money off it. Just ask halliburton... You think the oil companies would want this to happen to them? Hell no
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Stop being logical. Some think that with all the control the oil companies have, they will use it to drill for more oil, more work, more expenses.
To drive prices down.
Nean while here in the real world, we know it will never happen.
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If you drive a fuel inefficient car, well just consider the extra price you pay for fuel part of its cost and don't complain. I find it hilarious when people buy a $50k+ car and then just HAVE to go to the gas station that's across the street because its 2 cents cheaper a gallon.
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I keep going down that road. Problem is when your dreams are bigger than your income.
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Prices are determined by the commodities markets far more than they are by the Oil companies. So if new supplies come on to the markets, the price will go down.
And the only people screwing us on the prices are the government that ladle on massive taxes to the gas you buy. Average profit for the companies that actually find, pull out, transport and refine the gas? 10 cents per gallon. Average profit for governments that do nothing to create or distribute this product? 80+ cents (in the US) (MUCH higher than that in some other countries).
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Add OPEC to the list.
Oil is a product that will run out. Everyone knows and agrees with this. Drilling, using faster and making it cheaper is about an illogical idea anyone can dream up.
Getting people out of 23 MPG cars and into 45 MPG cars is common sense.