Quoted: The problem is supply and demand. We are now on the receiving end of years of enviromental controls, governmental regulatory oversight, and the NIMBY (not in my back yard) anti-drilling attitudes. It is a very complex problem that a stupid boycott will have no effect on.
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The problem is NOT supply and demand when it comes to oil. Freaking futures traders are pushing prices up due to speculation. If there's a hurricane somewhere in the world that MAY come withing striking distance of a refinery, the price goes up, even though there is no increase in demand. They are artificially tying gasoline refinery problems to oil prices. If there's a refinery problem somewhere, the price of oil goes up. This is Big Oil Gouge #1.
Supply and demand dictates that the price of oil would go DOWN as less oil is needed if the refinery is producing less gas. Gas prices go up because of tighter supply. However, they go up even more
immediately. The excuse? Oil prices went up. Even though it's for oil delivery 2 months down the road! That's Big Oil Gouge #2.
If oil prices surge $10 in one day, gas prices go through the roof THAT day. But if oil prices
drop $10 in one day, it takes weeks for the price to go back down!. Big Oil Gouge #3
It's a never ending cycle. I see no fix except stopping futures trading of oil, mandating higher MPG standards for SUVs and heavy regulation of the oil industry.