Gas question
Sometimes I get bad gas, sometimes I get good gas. With a barrel of oil being so cheap, it it going to make adding ethanol to gasoline a cost prohibitive idea with so much surplus gasoline availa...
Forum Discussion
KD4UPL wrote:
...Gas is not cheap because the oil companies want it that way. It's called supply and demand, it's a basic economic principle.
Correct, the U.S. is now a net exporter of refined crude. OPEC wanted to cut production to get the price of a barrel of crude back up. The Saudi's said no. I believe they want to put the U.S. producers out of business. Saudi Arabia can make a profit on crude at $15 a barrel and they have the largest known reserves. U.S. producers need at least $55 a barrel to remain profitable, fracking is not cheap.
