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To: Victor
The oil companies have the power to artificially elevating gas prices; it has nothing to do with the market;

If you honestly believe that, how does the price of oil ever go down? Because OPEC feels sorry for us now and then?

Please remember that crude oil is a globally priced, fungible commodity.

128 posted on 03/12/2012 10:05:47 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney
"....If you honestly believe that, how does the price of oil ever go down? Because OPEC feels sorry for us now and then? Please remember that crude oil is a globally priced, fungible commodity....."

You are describing market forces at work. I am talking about something totally different- a hands-on, direct control of prices only in the US market....elevated temporarily by those who can do it- the oil companies....for the express purpose of ensuring the defeat of a President who has gone out of his way to ensure that US oil companies can not come to the global market.

If you were the US oil companies, would you pissed off....?

By artificially holding domestic gasoline prices high, the oil companies are in a unique position to really piss off the US population.

For a while at least...timing is everything.

154 posted on 03/12/2012 3:43:35 PM PDT by Victor (If an expert says it can't be done, get another expert." -David Ben-Gurion, the first Prime Minister)
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