this had nothing to do with supply and demand and had everything to do with buying low and selling high then doing what they could do to drive up the price. The whole time the regular person going to work or taking their kids to school is paying the price.
The US produces half of what it consumes. YOU consumes 21 million barrel/day. YOU produces 10 million barrel/day. The production cost of crude oil one barrel, in Taxes US, is $8 dollar. IF your oil companies reduce (or "sacrifice") its huge profits, you would not see these crisis. But of course you live in a capitalism country
The states which has oil will f***ing rich.
---
I remember in 1998 the oil prices were $8/barrel and now it's $140.
this had nothing to do with supply and demand and had everything to do with buying low and selling high then doing what they could do to drive up the price. The whole time the regular person going to work or taking their kids to school is paying the price.
leykisfan1 1 year ago
What needed to be done is restrain the speculators. Make them have to actually take the oil they buy. That will slow them down.
lostinseganet 2 years ago
as we know it and I feel fine REM
UFOHaiti 3 years ago
POPULAR, it's going to get Popular, Wicked
UFOHaiti 3 years ago
its the end of the world
paddythetinker 3 years ago
the end is nigh i tell you!
paddythetinker 3 years ago
The US produces half of what it consumes. YOU consumes 21 million barrel/day. YOU produces 10 million barrel/day. The production cost of crude oil one barrel, in Taxes US, is $8 dollar. IF your oil companies reduce (or "sacrifice") its huge profits, you would not see these crisis. But of course you live in a capitalism country
The states which has oil will f***ing rich.
---
I remember in 1998 the oil prices were $8/barrel and now it's $140.
So, thanks Bush for causing that.
Tereeb11 3 years ago
4 Banger FTW!! do you got a 4 cyl?
Noejr10 3 years ago
$400/month in gas?
People that drive SUV's should be raped.
4 cylinder all the way baby.
goombah78 3 years ago
Remember, oil compaines are in the buisness to make MONEY not friends.
remaxfla 3 years ago