Quote:
Originally Posted by MartinSE
Am I being unclear or are you just trying to be hard to get along with?
My reference to les demand was over the past 2 years when people were staying home because of the pandemic. Now, that people are starting to go back to work demand is picking up but slowly. It is estimated that demand was down to 1/2 of the pre-pandemic demand for the past two years. That resulted in gas price dropping a lot (down to around $2.00/gal or less). Now, demand is spicing up quickly, the sanctions on Russia are impacting supply (worldwide) and oil companies are making historic profits (so, not highly motivated to increase production).
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So, you’re blaming wall-street, there the ones driving market. Oil companies sell on commodities stock exchange what ever the price is. So, all people buy/selling oil stock are also making historical profit’s. But, that’s ok for them, but not oil company actually producing it.
And another thing, you never responded to “ isn’t all crud oil dirty and hard to clean up”?