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And gas prices will go down when?
This huge 5.5 million increase in crude stocks, is, in my opinion huge news if one is looking for the price to drop. I hope this adds to some negative momentum in this commodity market.
How many gallons to a barrel of crude?
It must be rough on the administration to deal with all these news sources...As I understand it, the prez has been trying to convince people that the high price is due to supply and demand...But, the A-rabs seem to be calling him a liar...They say they got more crude than they can sell...
Then they tell us they can't refine enough of the stuff...But, very few people heat with oil anymore...Enough plastic producing industry has moved to China and Mexico that the industrial demand has to be far less than it was...
And it's good to see that the U.S. oil company prices are keeping in line with OPEC and making record profits...Even tho it doesn't cost them any more to refine the stuff than it did two years ago...
Let's see...How many congresscritters and administration people own stock in oil companies??? All of them, you say??? Naw, that couldn't be the problem...