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Gassed-The truth about price gouging!

By       Message hal smith     Permalink
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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.

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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

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

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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.

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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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