Winston
Platinum Member
What part of supply and demand do you not understand? So, we ban the export of diesel. What, are the oil companies now going to charge ten dollars a gallon because they are not part of the commodities market? I hope they are willing to drink a lot of diesel. The commodities market was not created to stabilize prices, it was created to maximize profits.Every country does that. Even when we were energy independent, we were importing fuels. Energy independent actually means we were shipping out the same as we exported. Energy dependent is when we ship out less than we import, and energy world exporter is when we ship out more than import, but it's all imported and exported.
The commodities market was formed to stabilize prices. It's the marketeers that decide on the price of fuels, not the actual producers. To leave the commodities market would mean we would be at the mercy of oil companies because then they would set the price. If they wanted to charge $10.00 a gallon for gasoline, they could. It would be a stupid move.