MossRoad
Super Moderator
- Joined
- Aug 31, 2001
- Messages
- 57,924
- Location
- South Bend, Indiana (near)
- Tractor
- Power Trac PT425 2001 Model Year
There's no way possible that you could have read that article. I posted it, saw the political comments, edited it out, and you had already replied to it. Less than 60 seconds. Because it said Forbes, you immediately dismissed it without reading it. Well, that's why I offered the alternative to do the search yourself and see what other articles/evidence you come up with to support the position that it's not supply and demand driven.Oh, ok. If Forbes says so, it must be true.
I believe what I see, not what I read.
Supply on fuel is down suddenly 1.5 years ago and more than doubles in price starting a year ago and nobody thinks it has anything to do with policies?
By the way, the U.S. is not the largest producer of oil. The U.S. produces ZERO oil. All of the oil production in the U.S. is done by corporations that sell it on the open market to the highest bidder.
Despite high fuel prices, fuel consumption in the U.S. is climbing. High demand. No government control on prices that are set by private industry. Millions of acres of untapped oil leases that are already owned by the oil companies. As I mentioned before, there's still blood in the turnip (you and me) that the oil companies can squeeze for profit. So until people and companies and nations all over the world slow down their demand for oil, the price will continue to rise.