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Gassed-The truth about price gouging!

By       Message Hal Smith       (Page 1 of 1 pages)     Permalink    (# of views)   4 comments

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Author 19827
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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?

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Here's another question, according Energy Information Administration

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.

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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.

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


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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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