Quote:
Originally Posted by techweenie
It isn't the oil itself. It's the companies that control it. It still costs about $30 a barrel to get it, but we're paying $110 a barrel because the people who control it can get that much from us. Cost of production will rise a bit when we figure out how to recover difficult-to-reach oil, like that huge field off Brazil that was discovered a couple years back.
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If you had something that cost you $30 and you put it up for auction on e-bay and someone bid it up to $110, would you refuse to take that much money or would you laugh all the way to the bank? Yeah that's what I thought.
The oil companies do not control the price of crude or the price of fuel.
Let me say that again:
The oil companies do not control the price of crude or the price of fuel.
If they did the price would be closer to $8 a gallon and STABLE.
Certain oil-producing countries play games but the oil companies cannot.