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