Quote:
Originally Posted by PennBF
This says a lot ! Want to know about the higher gas prices??
"Russia celebrates landmark victory as it steals USA's energy security
Pravda Today.  hdear |
News is always distorted. Oil is truly interesting if we dare to read about it. It is clearly insane. In the middle east there are places where oil simply flows out of the ground like the old corney show where the hillbilly shoots his gun and strikes oil. Not only is it easy to extract but it is good quality crude-easy to refine. The oil sands, fracking, the crude is poor quality, loaded with sulfur so hard, expensive, to refine. We are also drilling underwater also expensive.
Russia? The Russian oil does not go to the US it goes to Europe. Oil cost money to ship. A fair market? Who are we kidding. Oil production goes down in the US due to a storm. The price around the world goes up. Including in places that do not buy from us.
The price of refined product goes up. It immediately goes up at the gas pump. When, it goes down, it goes down far slower. Doublespeak. They tell us they are selling inventory they paid more for. That is true. Why does it not work the same on the way up?