Re: [FairfieldLife] Gas prices

[MDixon6569]

In a message dated 9/23/06 8:27:42 P.M. Central Daylight Time, [EMAIL PROTECTED] writes: Hey, has anybody here read a good explanation for falling gasoline prices in the United States? I don't see how supply is any higher or demand any lower, which would be the purest explanations. Other explanations include superradiance and a conspiracy to re-elect Republicans, but I'd prefer to know what mainstream economists are positing. Thanks for any light you can shed. We are over stocked with oil at this time. The Saudi's told us earlier this year they would increase output and we have been buying up every bit we could for many reasons. Some speculated war with Iran, others thought that Hurricanes this year would shut down Gulf of Mexico production, there was a fear at one time that the BP oil pipeline would be shut down for months but none of these things have occurred. I would also bet that refineries have been operating at peak production with the glut of oil reserves we now have. I have also noticed more ethanol blends being sold which would stretch that supply of refined gas causing us to require less crude. The bad news is that it's only temporary so enjoy it while you can. The good news is that there has been a major oil find in the Gulf of Mexico that is estimated could supply 11% of our current needs and there is more oil out there to be found. Combine that with developing alternative sources of energy and I don't see doom and gloom. But.... conspiracy theories are more fun, aren't they? <P.S.  Venezuelan oil is very heavy crude and has a very high sulfur content and requires much more refining to make good gasoline and it also produces more toxic waste from that refining process. That is why I have never bought CITGO. __._,_.___ To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Your email settings: Individual Email|Traditional Change settings via the Web (Yahoo! ID required) Change settings via email: Switch delivery to Daily Digest | Switch to Fully Featured Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe __,_._,___