RV Fuel Issues & Prices - Post 'Em Here!
All other fuel threads will be automatically deleted. :)
Forum Discussion
AO_hitech wrote:
It looks like it will be drill, baby, drill, so the price should be coming down soon.
Not soon, because it takes several years to get to market, if the oil companies decide to drill. All the US does is let out oil leases to private companies (which are 60% foreign owned). "We" own no oil rigs.
The oil companies will be happy to buy leases at todays depressed prices and hold on, at low rents, until the price increases. They're not going to voluntarily pump and refine while prices are low.
Anyway, the available oil is only about 6 days supply for the US, and we will only get about 20% to our markets. About half will go to the Chinese. At low prices.
I think that this is just a low cost attempt by Obama to preempt a Republican issue for the fall. It's all politics. It will have no effect on our lives.
