Quote:
Originally Posted by This'nThat
From ABC News, July 12: http://abcnews.go.com/Business/wireS...8#.UeSMAvnD_IU
Oil has risen from around $97 on July 1, mainly for two reasons. Traders are concerned that unrest in Egypt could affect oil shipments through the Suez Canal, a key shipping lane. And U.S. supplies of oil and gasoline have dropped dramatically in the past two weeks, signaling a rise in demand in the world's largest economy.
The prediction is another $.15 increase soon. |
O.K.
Let me get this straight.
The cost has not changed as the Suez canal is still open.
I think it might close so I charge another $5.00 a barrel
And as long as it doesn't close I pocket the difference.
The govt has increased the fleet standard mileage
We have added 10% ethanol to gas
More Electric and better mileage cars added to the road
We are loaded with oil to ship out of thisi country
We are now getting a pipeline from Canada to ship cheap gas overseas
O.K. , now I get it.
Now I get it.