--- In [email protected], [EMAIL PROTECTED] wrote: > > > 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 > tem > porary 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. >
Where di you find this statistic? I checked online. Most curde oil is considered somewhat high in sulfur content. I couldn't find reports saying that Venuzela's crude is signficantly worse than the world average in that regard. BTW, a huge part of our oil comes from Venuzuela. Just because you don't buy driectly from CITCO doesn't mean you're not buying gas refubed frin Venezuelen crude. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/FairfieldLife/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
