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50% of the US population lives within 650 miles of Nashville. There are more people within a six hour drive of Nashville than anywhere in the country.
Over 600,000 people live in the Nashville and Davidson county area, which encompasses 526 square miles. The Nashville Economic Market encompasses 10 surrounding counties with a population of more than 1.5 million.
Originally posted by Cyberbian
Producers world wide have cut production of gasoline by 10% because of the decline in the global economy. They would rather make outrageous profit on small sales, and preserve their supply for future higher profits.
The price would have dropped seriously in the last week to increase demand if the production were not cut. But that is not the objective.
The objective was to raise the price of fuel, while pulling back the economys. This way the fuel producers rake in record profits in a time of decline, and when the economies come back, they make even more.
The extra profits give them the advantage in bringing alternative fuel sources to market, so they can maintain their empires. It would not be bad if it were altruistic, but it is not. It is financial aid to give them the capitol to raid those who have been working long and hard at a disadvantage and are now stressed by the current financial conditions.
What a bargain!
Originally posted by jokei
Ok, just wondering if anyone is still following this?
I got some news recently from a friend that works in the oil industry - just a techy on an oil rig in the North Sea - apparently they're slowing production down to artificially keep the price high. This isn't a great surprise but apparently there's no intention of letting the price drop at any point in the future.