Re: Re: Re: Gas prices!!!!

Posted by Terry H on January 11, 2003 at 04:58:26 from (162.40.68.20):

In Reply to: Re: Re: Gas prices!!!! posted by god bless america on January 10, 2003 at 15:44:00:

Are you gullable enough to believe that when they start pumping more oil from ANWR they'll lower the price of gas? Get real! As I recall, back during the 1974 oil embargo, crude skyrocketed to around $45 a barrel. Gas prices at the pump rose to about 75 cents, when you could get any. Today crude is going for around $33 a barrel, and I'm paying $1.52 at the pump and if I'm willing to pay, I can get all I want. The strike in Venezuela is just an excuse to gouge prices a little more and get away with it. I don't think supply is a big problem. All the middle east countrys have upped production to take up the slack. The dirty little secret is there is enough oil in the ground in the US main land to supply us for decades, but it's cheaper to pay the workers in foreign lands 1/10 the wages they'd have to pay here, ship the oil over here, and still turn a healthy profit.

Just my $0.39/Gal. worth,

Terry H

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