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Not understanding Current Oil price

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posted on May, 5 2007 @ 09:14 AM
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Yeah, the good old days of not too far past, when I could fill up my Jeep with $20 and get change, then it was no change, and now it's my wallet!


I do remember the late '70's, right before the oil crisis (to Americans! to the Saudi's it was a cash flow!), gas was 25 cents a gallon. A few dollars filled up the ole purple Volkswagen Beetle.

So back to my above post...why are the oil wells pumping like mad if there's a refinery problem?




posted on May, 21 2007 @ 08:37 PM
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Why are oil companies making record profits right now? It would seem that they could lower the wholesale price of gas and still make plenty of money.

Here is a link to MSNBC article

[Edited to add link]

[edit on 21-5-2007 by keeb333]





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