| If its not a supply and demand problem why did they "Enacted legislation to increase oil supply by temporarily suspending the fill of the Strategic Petroleum Reserve, the nation’s crude oil stockpile. (H.R. 6022)"? That seems to look like there saying lets stop filling the reserves so there will be more supply so there will be less demand hence a price drop. My final point in this thread is {because this thread will never end, ha ha} is that every product to ever be sold in this country and I mean everything has worked on supply and demand. Thats how free market works. So I dont understand how gas is not the same. Also everyone keeps talking about record profitts, but oil co. say there making %10. Now your article says there making like $100 a barrel. So when they told congress that under oath that they make %10, I believe it to be true. Because if they where lying the IRS could check it out and if it wasnt true they would be guilty of lying under oath, ya know like bill clinton and barry bonds, and they havent been found guilty of that. I may be wrong but I would think a audit would find the truth and I would think that if I though of it, washington would have thought of it too. They have just sold lots and lots of gas and made there billions %10 at a time and there is nothing wrong with that. Any buisness makes $10 on there products.
Last edited by Elite Ronnie : 06-22-2008 at 06:39 AM.
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