04-05-2011, 02:24 AM
[cool][#0000ff]The commodities traders always have for more to do with the prices we pay than the old traditional rules of actual supply and demand. The gas we are burning now is from the same oil we have been drilling and producing for years. The costs of drilling, pumping, shipping, refining and trucking to gas stations are no higher than they were several years ago...when gas prices were a third of what they are now. In some cases oil companies have totally recovered their expenses of original development and their costs per barrel are much less than they used to be. But, because of speculators the prices per barrel keep escalating in spite of actual costs.
One of the things that really frosts me is that whenever the "speculatory" price of a barrel of oil jumps a dollar, we see it in the price of gas the next day...even though the refineries will not be
getting the higher priced oil for weeks or months.
But, if the price of oil drops $2 per barrel it is weeks or months before that shows up at the pumps.
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One of the things that really frosts me is that whenever the "speculatory" price of a barrel of oil jumps a dollar, we see it in the price of gas the next day...even though the refineries will not be
getting the higher priced oil for weeks or months.
But, if the price of oil drops $2 per barrel it is weeks or months before that shows up at the pumps.
[/#0000ff]
[signature]