Quote:
Originally Posted by ankit
Don't know what is going on.  |
I don't KNOW what is going on either; but I can speculate :-)
Price of oil was over inflated by speculation, My belief is that crude should land around $120/ barrel. Bubble has burst, is in crash right now.
Refiners were squeezed very hard by poor crack spread, we are paying them back right now.
I'd be amazed if there will be much gas rationing going on in an election year unless the oil companies favorite party has something to gain from that.