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Re: Fuel Price

LOL, you really need to pull your head out of the sand Miles. You keep saying Global and yet refuse to admit that we are not only part of the global economy, but the biggest user of it. China is not the only country on the rise when it comes to use and are not the only ones to blame for the increase. The funny thing is that you and Maxi (but mostly you) keep claiming that there is no shortage or even strain on the supply and if that were true, how would China or anyone else cause this steep rise?

Reply to
TBone
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You're mixing two things up. Supply of oil, and supply of gas. China's use of oil has skyrocketed the past couple of years. Thats by far the single biggest cause of oil price rises. The gas supply in the USA has been steady. There have not been shortages at gas storage facilities. USA usage of gas or oil is not why oil prices have shot up.

Reply to
miles

The gas supply HAS NOT been steady and over the past three months has dropped to record lows for this time of year. Perhaps that has to do with the automotive manufacturers employee pricing and a huge bunch of idiots buying the biggest SUV's and trucks that they can. While China's use of oil has significantly increased, ours has gone up more than usual as well so we in fact are to blame for the increase in the price of oil just like any other significant user. But that still doesn't answer the question I asked you. If the supply of oil is not strained, how would China, us, or any one else's increase in demand cause the price to shoot up that way?

Reply to
TBone

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