Think about what you just said for a moment.
You just told us that you paid 25% per year more for gasoline for each of the last 4 years. I’d be willing to bet your truck mileage didn't double because of the great Texas secret refining techniques and blending.
For you, the oil companies have screwed you and your family and you seem delighted.
What ever the pump price read, divide it by 2 and ask yourself where the extra money you just paid to the oil companies went.
I for sure wasn't due to higher oil prices because gas cost less when crude was $147.00 per barrel.
The only difference between us seems to be I’m more pissed than you are by California's highest in the nation gas prices.
Pansgold, you needn't tell me anything about the oil & gas industry as I have spent my work life there, 35 years of it to be exact. I'm the controller for an independent exploration and operating company.
You needn't tell me either about the price of a barrel or an MMBTU or the marketing cost of the product going from the wellhead to the plant or the refinery or the drilling and cost of exploratory wells or the taxes and fees paid or how the profit is derived or just about anything else about the industry.
Don't goad me about what I have to pay at the pump, just like everyone else does, and am sick of it too.
I can guarantee you that it's not the oil companies that created this mess, it was the government and their regulations and interventions of the industry.
And now you want to hand the industry over to them? That will probably work out just great. Just like Solendra, A123, Chevy and anything and everything else they decide to dabble in, you think? Those worked out just wonderful didn't they? Do you drive a Volt?
You have a right to be pissed off but, aim your piss at the right target please.