I felt much the same until I heard a talking head say that the same would be true if the US stopped exporting Gasoline. Because of the following reason(s)
Cause=US stops exporting gas. Effect=price drops
Cause=price drop. Effect= less gas produced to meet demand= less oil needed=less oil imported / produced=refining output drops=higher prices at the pump because of more demand than supply. It's a vicious circle that will not end until the world decides that only pertrolium products producers can buy oil on the open market. as it stands now anybody with a few bucks can buy oil to hedge against the declining dollar. If only refiners could buy oil and gas stations could only buy refined products, there would no wild swings like you see today. Gasoline would still be higher due to world demand. But probably around $1.80 ish per gallon. All the rest is your hedge / retirement fund managers trying to do what they are paid to do.
Just my opinion, no need to get upset if you don't agree
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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