posted on Jul, 2 2008 @ 03:00 PM
reply to post by Freedom ERP
I think people need to understand that the every increasing cost of crude oil and hence the price of gas/petrol is not the fault of their government.
While tax is charged on the fuel, I think people need to understand that the oil companies determine the base cost of fuel supplied to gas/petrol
stations and then tax is applied to the base cost.
As I said in the show, some of the increase is due to an increasing demand and a static supply. Despite the fact the some members of OPEC have
committed to increase supply of crude oil following the recent meeting in the Middle East.
The major reason for the increase in the cost of crude, is speculation on the price of crude oil and that this speculation is on the cost of crude
continuing to increase, which is in the interests of producing countries as well.
The military activities in the Middle East only helps with the speculation.
What is interesting is that the price of gas goes up in line with increase in the crude price but the gas at the pumps was a leadtime of several weeks
so the cost of crude was much lower when the refinering started, so it seems that the oil companies and our Government are making profits and taxes
out of this.