WRONG!
if you ran your car on french fry oil, again, you'd get a visit from the man.
own a wood stove? better hide it from the man.
ride a scooter or a bike? (don't tell the man)
It is when they all get together and agree to not compete with one another, agree to charge the same price for their product when some could charge much less sense the do not have the same overhead, agree not to build any refiners although they don't need them because the demand has not increased that much since 1978 [18.9 million barrels a day] in the U.S. much to my surprise.
To hear then tell it you would think we were using three or four times the oil that we used in the 70's
It actually decreased quite a bit for the next number of years with a peak low of [15.2 in 1983 and was still below that level in 1997 at [18.6].
I think we did get up to 20 million in 2002 but with the steady price increases since President Bush took office I think they are back to the 18 million mark again.
This is the reason they haven't built any refineries. They haven't needed them.
If they needed them to keep making profits they would certainly build them.
We haven't been told the truth.
But they didn't tell us the truth back in the 70's either.
They said we would use up most of the world's know reserves by the late 80's.
The only people buying this illegal price fixing crap are those who are making money off of it directly or indirectly though the stock market and their portfolios.
It's not demand that driving these kind of price increases all at once but illegal and unethical business practices and they're hurting a lot of people and other businesses.
I went through both of these uncontrolled greed trips. It took congressional hearings and heat on our politicians to get it stopped the last time to.
.Just like now just as soon as the hearings where about to start and while they were going on the prices started to drop.
since the 1900 the oil companies have held this country hostage and have to be reined in ever so often to keep their greed from causing an economic collapse to the country.
If we don't they'll let their greed destroy the country and themselves along with it.
Once you go too far it not as simple to just lower the price and everything is back to square.
It takes a lot longer to heal a crippling wound that it does to strike it. Sometimes the blow's effect is much deadlier than anticipated.