Quote:
Originally Posted by kidrock
you know our situation must be pretty dire when we start considering $3.00 per gallon as "inexpensive". Big Oil and the U.S. Government know exactly how to play their sheep.
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+1
The cooperation of big oil and gov. is pathetic. Gov. loses billions in tax rev' if the retail cost drops. They don't want to lose sight of that revenue, now would they?
Its really interesting to see as the mid-east is in a most volatile situation, the Russia and Ukraine conflict and that the US can hold their breath on domestic fuel retail cost. Normally we'd see price hikes.
To me its a cautionary price arrangement with Big Oil and USA, Inc. Call it skidish... the reason its slightly lower is the economy is more fragile than the sheep know. We can ride the Ponzi scheme markets but its only a matter of time and how long. When the day comes of stock sell off, the middle class is way beyond their means and will be crushed. Its also why they didn't raise borrowing rates last week.