[Jack Hydrazine]

Since demand keeps dropping.

[ckilmer]

On the one hand its best for frackers to have oil at these prices. On the other other hand its nicer to pay 3.00 at the pump than 3.60 or so. On the third hand, I saw an article the other day about the majors saying they needed oil at about 120@barrel to do the arctic drilling and other speculative—big cost up front— drilling.

[thackney]

I don't understand calling stocks supplies. Nor do I find their description honest.

[knarf]

I'm no investor nor do I understand the whole gas/oil industry, but I've entertained the same thought/question for about 6 months

We get reports here in FR about how much oil we're producing and how we are rapidly approaching the world's largest producer/refiner and yet .. we have gasoline pushing 4 dollars.

I have the same question ...

why ?

[bert]

Actually there is a great excuse, perhaps the greatest ever.

The Democrats must be defeated, trashed, destroyed in November.

To give them the advantage of lower gas prices would be counter productive, even tragic.

American business has decided that the end to the Obama tyranny can be forced by concerted action. American business has taken all it will take and is using the weapons at hand to fight back.

The high gas prices are the answer to the question. “Do we depose the President by coup d’état or by using our business capabilities to destroy him?”

[AppyPappy]

Russia

[The Cajun]

In a honest market with actual competitors, supply and demand will rule.
In a contrived, connived, artificially price fixed market you get what we got now.
Kick in our corrupt government, its' involvement and the consumer is screwed even worse.

[RckyRaCoCo]

Where is the media? Remember the crying on the nightly newscasts when oil-man-Bush sent prices to $2 per/gal? Been hovering $3.50 to $4 on Obuma’s watch...nothing but crickets from the ‘bamy butt kissers.