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August 26, 2008 at 16:35:38

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Gassed-The truth about price gouging!

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By hal smith (about the author)     Page 1 of 1 page(s)

opednews.com     Permalink

For OpEdNews: Hal Smith - Writer

I would like to write an op-ed in layman's terms in the hope that maybe, just maybe someone can explain this whole gas gouging deal to me!

In a news wire the other day, I read that even though the price of a barrel of oil had dropped, it would take days for us to see it at the pump.

Here's a stupid question. If someone sneezes in Nigeria, the price of oil shoots up on speculation immediately!

But, if the price per barrel drops 5%, it could take days for it to drop??? How does this make any sense at all? Can anyone explain this to us?

Here's another question, according Energy Information Administration http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

Canada supplied the US with 1883 barrels per day in June of 2008 ranking #1 supplier.

Saudi Arabia supplied 1479 BPD & Mexico 1124 BPD both in June of 2008.

Nigeria = 946 BPD!

Can a pipeline that pumps oil through Nigeria that shuts-down for a day, really pose that much of a threat?

Am I the only one that knows we're getting RAPED by the oil companies?

I feel that if I pay $113.00 a barrel for 1000 gallons, that I should be able to or HAVE to sell it to the consumer at that price!

If you are sick of this as I am as well as many other issues going wrong in this country, maybe visiting this website could have an impact.

http://www.votestrike.com/

I would still like a sensible answer, if someone really has one...

 

I am an American born citizen of the United States of America. My brother who lives in Europe was finally able to wake me up on a trip to the US about a year and a half ago. Now,after coming out of my stupor of believing the mainstream media and (more...)
 

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Re: Sensible Answer by Grant Lawrence on Tuesday, Aug 26, 2008 at 6:05:17 PM
Sensible answer by Hal Smith on Wednesday, Aug 27, 2008 at 8:11:50 AM
thanks by chris rice on Wednesday, Aug 27, 2008 at 4:43:42 AM
Request by Hal Smith on Wednesday, Aug 27, 2008 at 8:06:33 AM

 
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