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To: Red in Blue PA

Oil went from $6.50/bbl for sweet crude in ‘99 to 147 in 2008 (up 22.6 times). Gas went from 0.87 to 4.19 (4.8 times).

Oh yeah, definitely rigged.

Gas should have cost $19.66 a gallon.

How come people only do the math to support the whining?


15 posted on 08/22/2008 6:37:50 AM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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To: Smokin' Joe

Oil was in the teens in 99, but never at $6.50.


19 posted on 08/22/2008 6:51:03 AM PDT by Red in Blue PA (Truth : Liberals :: Kryptonite : Superman)
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To: Smokin' Joe
How come people only do the math to support the whining?

Let alone understand inventories and its effects on pricing

24 posted on 08/22/2008 7:29:18 AM PDT by Las Vegas Ron (Election '08, the year McCain defined the word "dilemma")
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To: Smokin' Joe
How come people only do the math to support the whining?

Because whiners are bad at math.

25 posted on 08/22/2008 7:29:41 AM PDT by Toddsterpatriot (Half the time it could seem funny, the other half's just too sad.)
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To: Smokin' Joe

People look at the numbers and think that the price of oil is the only component of the price of gasoline. If the price of oil were to go to $0 then the price of gasoline should be $0.


52 posted on 08/23/2008 4:53:52 PM PDT by arthurus
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