Quote:
Originally Posted by CDSmith
The thing is, you (you meaning the world oil industry) can't tell consumers and drivers of the world that because the world's oil supply is 'getting low' so prices must be raised -- which they did back in the 70's and 80's with the so-called 'gas shortages' -- .... and then when a huge new source of oil is found say prices won't be affected.
The rest of us shlubbs can't have it both ways in most things, but that old adage doesn't seem to apply to the oil companies.
I'm thinking it's because they're assholes. But that's me, a simplistic Canadian asshole. :D
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Those were gas shortages. Perhaps they were politically motivated, opec cluster fucks, refinery issues, weather catastrophe,etc., I can't recall a time when gas prices jumped justified by "we are literally running out."