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Old 02-19-2008 | 12:20 PM
  #19  
ewrbasedpilot
HOSED BY PBS AGAIN
 
Joined: Mar 2005
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Originally Posted by jungle
..........None of the entities you mentioned control oil prices. Demand and supply do.
...............
Supply and demand didn't shoot up over 4% during the weekend.......just as it didn't shoot up 50% in the past 7 or 8 months. The fact that the oil companies were making a 10% profit when oil was $50 a bbl a year or so ago doesn't wash either since I'm pretty sure the cost of refining oil didn't go up $50 a bbl in the past few months. The refineries are working around 89% according to the last few articles I've read. Something is going on that needs to be investigated and unfortunately WE, the little guys are going to pay for it. Having a $25 "war" premium and $20 "terrorism" premium sure isn't helping either. JMHO
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