Forum Discussion
SidecarFlip
Oct 31, 2017Explorer III
Pump prices here took another 4 cent jump this morning.
We may be 'awash' in light sweet crude in this country, but the powers to be (petro-chemical companies and refiners control the pricing and the 'flow' to retail buyers.
All about profit, just like any industry. I'd punch a well out back (we have oil underground here), but the average cost to drill is around a million bucks a hole and the product coming out, still has to be catalytic cracked to be useful.
We may be 'awash' in light sweet crude in this country, but the powers to be (petro-chemical companies and refiners control the pricing and the 'flow' to retail buyers.
All about profit, just like any industry. I'd punch a well out back (we have oil underground here), but the average cost to drill is around a million bucks a hole and the product coming out, still has to be catalytic cracked to be useful.
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