Thread: Gas prices
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Old 09-13-2006, 12:20 PM   #50
headsplice
Relaxed
 
Join Date: Jul 2002
Location: Minneapolis
Posts: 676
Quote:
Originally Posted by wolf
"Big oil" doesn't care either way. People buy gas, they make money. No matter what.

If your tidy, left wing conspiracy is is true, could you please explain to me when the Middle East producers stopped being the ones to set the price per barrel?
They haven't, but the producers don't set the price at the pump and the two are not directly related. Most prices at the pump are set as a result of fluctuations in the oil futures market as well as the ability of the Big Oil companies to refine crude into it's constituent parts for us to use. So, since the futures market has been trending downwards, and the backlog at refineries is decreasing, we have lower at-the-pump prices.
It isn't a conspiracy, it's the Big Oil companies trying to make as much money as they can, which is the purpose of any company. Whether it's ethical or not is another matter.
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