Quote:
Originally Posted by jdulej
I know. 8.4?ish. Whats your point. You can import and not export. Either way the price will settle at the world price which means you have a lot more oil you paid too much for - not a supply problem. It is a demand problem.
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BTW: I agree the tax holiday is just politics. We will pay for that loss of road maintenance later. Nothing is free.
Remember the reason the oil companies are making historic profit levels is they are charging what they can without regard to people. They can do this because they buy oil is large volumes to get a guaranteed price. So, as the price of oil goes up, they make more profit by charging more and not paying more.
When their bulk contract runs out, we better hope the price of oils is down, or prices could double over night.