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Old 05-15-08, 03:29 PM   #6 (permalink)
Gill
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Re: Bush A Realist When It Comes to Gas Prices.

Quote:
Originally Posted by obvious Child View Post
Which would be priced at international commodity markets. The real problem isn't the supply of crude. It's the refineries and speculators.

Study: ANWR oil would have little impact - Environment - MSNBC.com

Wow. 50 cents. Big Deal.

Gill, try again.
I agree that speculators are a major cause of the high prices, but the more oil on the market, the lower the price. Simple supply and demand.

50 cents IS a big deal! That's 13% of the current price, nothing to sneeze at. If supply is no big deal, why does the price of oil skyrocket everytime there is a hint of a disruption somewhere in the world??
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