The reason for falling oil prices explained (maye)
Interesting article on Bloomberg today SEE IT HERE
Forum Discussion
In days of old OPEC got bold and jacked the prices a bit, Oil companies got even bolder and really jacked the prices, way more than they should have.
Well, this sparked a move to "Economy". where as cars back then double digit MPG's were considered good and triple a dream.. Today we have 30-40 MPG cars all over the road and some of the electric/gas models easily push triple digits (Of course they burn Kilo-watts more than gas so that savings is not so big to the owner but it sure hits those OPEC Shieks where they live.
The result is the US has reduced it's oil consumption by several times what we import from OPEC. We can indeed tell 'em to stuff it back in the ground.. Why we have not I do not know. (Well, I do know, but I do not want to discuss it here) ...
We really need to tell 'em where to stuff it.
But what we really need is to throw a party for the oil company execs.. A good old fashion Western Necktie party, at least the political equivalent (the real thing is kind of illegal after all).
Well, this sparked a move to "Economy". where as cars back then double digit MPG's were considered good and triple a dream.. Today we have 30-40 MPG cars all over the road and some of the electric/gas models easily push triple digits (Of course they burn Kilo-watts more than gas so that savings is not so big to the owner but it sure hits those OPEC Shieks where they live.
The result is the US has reduced it's oil consumption by several times what we import from OPEC. We can indeed tell 'em to stuff it back in the ground.. Why we have not I do not know. (Well, I do know, but I do not want to discuss it here) ...
We really need to tell 'em where to stuff it.
But what we really need is to throw a party for the oil company execs.. A good old fashion Western Necktie party, at least the political equivalent (the real thing is kind of illegal after all).
