Yea and West Texas intermediate was at 7.80 a barrel in 98, whats your point? Answer me this, how could this or any administration manipulate the price of oil and why would they want to do it?
Here's an idea, how about dropping all taxes on crude oil and gasoline.
Texas gets 4.6% from every barrel of oil produced in TX. At 108 a barrel thats 4.96
Texas gets .20 cents per gallon of gas sold. with 22 gallons of gas coming from 1 42 gallon barrel, that amounts to 4.40.
The feds get 18 cents per gallon of gas sold in TX, which amounts to 3.96 per barrel.
For every barrel of oil produced refined and resold, that amounts to 13.32 just in taxes, not counting sales taxes on other refined crude products.
Folk's it ain't BIG OIL thats getting into our pockets, it'd BIG GOVERNMENT. You really think they want to see the price come down? It's an extortion racket that would make Tony Soprano proud!!
“Answer me this, how could this or any administration manipulate the price of oil and why would they want to do it?”
Its easy, DR. Don’t find an alternative to petroleum based fuels and keep everyone angry about not drilling in places where there isn’t enough oil to break the stranglehold people who want us dead have on the product and by extension us. Why would they want to do it? For the same reason people think its just great that our military uniforms are made in China and that we for all intents and purposes can’t function as a nation without goods made by the Red Chinese, money, DR, money.
“Yea and West Texas intermediate was at 7.80 a barrel in 98, whats your point?”
That in three years the price of a barrel of crude went up $17.00 while in seven years under Jorge it went up $81.00. Is there something about that which is confusing?