blueridge71
Outlasted two companies
- Joined
- Nov 30, 2003
- Posts
- 2,261
Just curious if you have any reference for this "fact." The Wall St. Journal reports that 90-95% of the price at the pump is directly attributable to crude oil prices.ISpeculation is playing a part in the price, its not the only reason but it is adding at least 30-40 dollars a barrel onto the price.
A look at the OPEC website (http://www.opec.org/home/basket.aspx) shows the daily basket price astonishingly close to the trading price per barrel. It looks to me that IF speculators are driving up prices (and I havn't seen any evidence that they are other than shrill leftist voices trying to draw attention away from the fact that 90% of our offshore reserves are not being tapped) that they add about $10 per barrel maximum.
I realize that it is much easier to blame an evil capitalist or corporation than to understand the reality that we have royally screwed ourselves, but admitting that we (and when I say "we" I mean the Democrats and their environmental special interests) are a big part of the problem is the first step to fixing it.