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Buckterrier Buckterrier is offline
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Join Date: Dec 2006
Posts: 6,522
Oil Pricing for Dummies

I'm not being facetious here.
Can someone explain, in layman's terms why the price of oil is what it is? I like many others have blamed the oil companies. Until Red Beard straightened me out. They really can't be to blame, (can they?), if they're only making 8% ROI. I know my Co. has to make like 55% or we don't sell basically.

1). Is it the Saudis?
2). Is it the speculators?
3). Is it the greedy capitalists?
4). Is it the war in Iraq?
5). Is it all the above?
6). Is it none of the above?

I mean when people can't work because they can't afford to GET there, there is something fundamentally wrong.
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Old 05-20-2008, 12:54 PM
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