Why is the price of gas so high, when there's a glut in the oil supply?

Discussion in 'Politics' started by Vast LWC, Feb 27, 2012.

  1. Vast LWC
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    Vast LWC <-Mohammed

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    Turns out it's the fact that corporations have decided to shut down refineries to artificially raise the price of oil.

    Angry About High Gas Prices? Blame Shuttered Oil Refineries - Yahoo! Finance

    And there's your answer.

    You can keep on trying to blame some vague "Obama policy" for high gas prices, but it turns out the high gas prices are the fault of... Big surprise... Oil Companies.
     
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  2. Vast LWC
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    Vast LWC <-Mohammed

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    Looks like the entire issue is due to the actions of the Oil producers themselves.

    Interesting.
     
  3. Vast LWC
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    Vast LWC <-Mohammed

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    Isn't this exactly what Enron did to California in the 90's?
     
  4. Mustang
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    Mustang Gold Member

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    Here's a little factoid of interest I picked up.

    10 years ago, China used about 5,000,000 bbl per day.
    Today? About 9,000,000 bbl per day.
    Projected to 2015? 15,000,000 bbl per day.

    The US use in 2009 was 18,690,000 per day.
     
  5. LogikAndReazon
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    LogikAndReazon Gold Member

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    Clearly because pnac, big oil and walmart have conspired against "working" americans............
     
  6. OtaniKitano
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    OtaniKitano Active Member

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    Yes, the oil companies and speculators. They are enjoying the free market at its best. This is what deregulation looks and feels like. We are being held hostage by an industry that provides a necessary resource for our economy, but that's what you call capitalism.
     
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  7. Decepticon
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    Decepticon BANNED

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    I heard that if oil companies were allowed their way on everything, gas would be cheap?

    I guess the people who say that are liars.
     
  8. OtaniKitano
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    OtaniKitano Active Member

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    They don't have to conspire. Capitalism is working just fine.
     
  9. OtaniKitano
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    OtaniKitano Active Member

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    LOL! This sounds like something generated from their very own public relations departments.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    My, how times have changed

    [ame=http://www.youtube.com/watch?v=tbzzeuYJteY]Pelosi talks about high gas prices - YouTube[/ame]
     
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