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Replies to Msg. #988655
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 Msg. #  Subject Posted by    Board    Date   
18931 Re: Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices.
   capt ...if you are paying $4.00 or more for gas you must be in CAlifo... 		ribit   POPE IV   25 Jan 2017
 7:40 AM
18919 nemo - that article is TOTAL BS !!! -> Re: Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices.
   Brent Crude trades at a premium to WTI for one reason and one reason o... 		monkeytrots   POPE IV   25 Jan 2017
 6:43 AM
18918 Re: Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices.
   >> Yet Americans are paying around $4 or more for a gallon of gas,... 		Zimbler0   POPE IV   25 Jan 2017
 6:12 AM
18915 Re: Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices.
   Americans are paying around $4 or more for a gallon of gas ... REALLY?... 		Beldin   POPE IV   25 Jan 2017
 6:01 AM

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Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices.

By: capt_nemo in POPE IV
Wed, 25 Jan 17 5:20 AM
Msg. 18903 of 47202
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The U.S. is now selling more petroleum products than it is buying for the first time in more than six decades. Yet Americans are paying around $4 or more for a gallon of gas, even as demand slumps to historic lows. What gives?

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Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices.

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But more drilling is happening now, and prices are still going up.That’s because Wall Street has changed the formula for pricing gasoline

http://www.zerohedge.com/news/2017-01-24/why-keystone-pipeline-will-actually-raise-gas-prices-us


just 1 comment,,,,,,


Free Man's picture
Free Man Jan 24, 2017 5:05 PM

Dubious reasoning.

At first that may be true, but as more & more reaches the international market and supply is increased prices will drop.

BTW: US oil companies make ca. five cents off a gallon of gas, on the other hand government taxes on a gallon of gas are around seventy-one cents with some variation by state.

Now who is plundering the public?


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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.