I've read this too but it really is not the whole picture. Those prices you see on the news are oil futures. They are what speculators think oil will be worth in a few months. Even the OPEC folks don't understand hy the prices are so high, there is plenty of supply to meet the demand and the cartel was actually thinking of a cut because there was starting to be too much supply. Speculators are driving the price up on the thought that the Chinese will demand so much oil that it will create shortages. What we can all hope for is a little sanity to return to the futures market and a whole lot of bottom feeding speculators to lose their shirts. As for the recent dollar plus jump in gas prices it is pure panic and I believe opportunism from the oil industry. There is a reason that the oil sector of the stock market shot up over 30% this week.
Even thoug it costs more I am not going to curtail my fishing this fall, I'll just cut back on luxury items like food. Mike M -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of [EMAIL PROTECTED] Sent: Saturday, September 03, 2005 10:15 AM To: [email protected] Subject: RE: [VFB] Gas prices today Yes, I also heard 4.00 a barrel to produce and they sell it for 70 bucks a barrel. "Conranch" <[EMAIL PROTECTED]> wrote: >Wonder if anyone has the figures? I am of the understanding that the cost per barrel of crude to manufacture is $4.00 per barrel? Someone is making a high % of profit if this is true. > >Denny > >Dennis Conrad >[EMAIL PROTECTED] >Conranch Hackle >http://www.conranch.com (new full skin photos on Specials page + articles we have written) >509-999-7472 >
