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#11
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Hate to break it to you, Dan, but the price of crude oil (i.e. the price per bbl paid to the companies that are owned 51% by Iran and 49% by Big Oil), has very little to do with the price per gallon you will pay to fill your car or boat. Remember last year? Big Oil was crying that it's profits were being squeezed by the price of crude oil and/or damage from Katrina, (and/or liberal environmental obstructionists opposing the planting drilling rigs in the middle of national parks or siting refineries across the street from grade schools). In reality, the net profits from the prices that were raised much higher and raised much faster than costs were accumulating at a rate that has been usurpassed in human history. When you're pumping $5 gas at the marina, don't even begin to blame it on Iran. http://news.yahoo.com/s/ap/20060417/...e/oil_prices_2 Crude oil rose to $70 a barrel in Asian electronic trading Monday, driven by concerns over declining gasoline stocks in the United States and Iran's nuclear standoff with the international community. |
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