|
what i was referring to in my last post was the mention that opec stated they would like the cost of a barrel to stabalize at $70. this doesnt raise a red flag around these parts? so $3 a gallon of gas is acceptable because opec is committed to stabalizing a barrel at $70?
free market or not its sad we now accept $3 a gallon at the pump as acceptable and stabilized. a year from now maybe $4 a gallon is stable for opec.
id like to hear an explanation for the current cost of gas at the pump. imo it starts at the source of the oil...and a barrel that costs the same amount to refine as it did a year ago or 2 years ago ends up being $2 or $3 more now. why was a barrel $150 in july...was there a gross undersupply of oil...nope. so supply and demand as was previously suggested is not valid. if the sketchy economy is to blame as was also suggested in the same post then we should expect approx $1.50 a gallon when the world economy turns around right? wrong..not if opec thinks $70 a barrel is stable.
|