Quote:
Originally Posted by Guest
The cost is low because OPEC is undercutting our oil companies to put them out of business....once they are out of the competition, OPEC can demand almost any price from us, the stupid Americans. Is Obama doing anything to support our own oil companies? Of course not!
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How wrong you are. Exxon, Chevron, etc. are not going out of business. OPEC can't agree amongst themselves. President Obama has nothing to do with the price of oil. Supply and demand creates prices. Frackers will cut back and some small companies will go out of business if they can't make money. I think eventually the price of oil will go back up, but we stupid Americans will do just fine. I like opinions based on facts. Try it sometime, it might help make your case.