Quote:
Originally Posted by Cliff Fr
It's truly unfortunate that the price of an essential commodity is determined by speculators in the futures market. They often make a large amount of money yet produce nothing! I wish their was a better way to set prices abd ensure a fair profit for the actual
producers
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I heard that the US produces more oil than it consumes and that it goes into the world market, not directly into the US distribution system. So, additional oil wells will apparently not help solve our price situation if that's true.