I heard on the news today that Opec is going to cut production, so they can raise gas prices. OH that's right we have a shortage uuuuhh what is up with this. Do they really think that the common person is stupid. I know as well as many of you. That if Gas prices would stay at and I am quoting here, Donald Trump, If gas prices would stay at 40-50 Dollars a barrel the economy would be ok.. So Tell me again why are we cutting production??? Oh that's right the Big Oils Guys are not making enough Money.. Poor Us!!!
Gas Prices
9 comments • Paula Reno Cedar Lake Indiana Realtor, Astro Realty • October 24 2008 06:34PMComments
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Unfortunately, it's the other guys, OPEC, of which the US is not a member (wish we could be) who are cutting production. Until our so-called leaders show some real leadership on this issue we'll continue to be held at ransom by the OPEC crowd.
Iran and Venezuela both tried for even deeper production cuts than resulted.
I am sure that most people know that Citgo is a Venezuelan owned company and every petroleum product purchased at Citgo gas stations sends money to a country that does not like us very much.
Paula, I am right there with you. What is more ridiculous is the ratio of price drop per barrel of oil and the price per gallon of gas. Oil has dropped dramatically faster than the price of gas.
Big oil doesn't make money from drilling... at least not the huge money. OPEC makes that. Although, if we drilled here, they WOULD make some more money, as would the government.
Well I am all for drillin here. I know we have pleny on our land as well. Let hope we do soon..
Profits, profits, profits. We the people, means very little now-a-days.
I love how people are excited about gas being under $3.00. If that isn't the biggest scam ever. make the gas prices rise so high, then bring them down to a high number, but not as high as it was and make the consumer feel better.
You said it all Steve Thanks
Waht makes me sick is that gas @ IU is like 2.30 and we are 40cents higher up here.
OPEC cuts are mostly lip service, only some do it
Dave