reply to post by Jim Scott
well the meeting with opec.. they like having money, who doesnt'. Plus that if oil went below 50 dollars it would be bad news for Canada since it
needs to be 50 for their sands to be profitable.
As for gas prices lagging the drop, we're still paying off the cost of that 147 oil and why its taking awhile is because the stuff has to go from A
to Z and then to you. I wish I could elaborate more, but the best I can explain is that oil plays a large part into just getting it out of the ground
and into your car. By next month we should see sub 3 dollar gas.
What's Up With OPEC?, page 1
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Wall Street has gamed the system to keep oil prices high despite increased domestic production.
Posted 13 days ago with 8 member flags
Posted 13 days ago with 8 member flags
Just HOW much does it cost to produce a litre/gallon of petrol/gasoline ?
Posted 5 days ago with 4 member flags
Posted 5 days ago with 4 member flags
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