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re: Paying too much for petrol?

Posted by:
Pudding 07:50 pm UTC 06/15/08
In reply to: re: Paying too much for petrol? - Keljeck 05:12 am UTC 06/15/08

> The reason gas companies are making so many Benjamins is because of limited supply.

But there isn't a limited supply at all.

The price of a barrel of oil isn't rising due to a shortage, but rising due to speculators investing in oil which is driving the prices up. The oil companies could quite easily lower prices from their vast profits, which would get rid of the speculators and therefor reduce the price of petrol long term.


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Next: re: Paying too much for petrol? - John_Galt 04:59 am UTC 06/16/08

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