Re: OT -oil over-supply

Posted by Paul in Mich on March 21, 2005 at 13:48:06 from (152.163.101.7):

In Reply to: OT -oil over-supply posted by Coloken on March 21, 2005 at 12:08:38:

I hate to burst your bubble, but dubya has no more influence on the current price of oil than you do. The reason Oil companies are increasing their storage capabilities is that they can buy more crude at lower prices and thus control the cost of crude much better than having to buy at daily rates. It makes the cost of crude oil more predictable, whether high or low, which in turn allows users down the line to be able to forcast manufacturing costs as well as overall costs. It affects us as private citizens the same way, although not to the visable extent that it dies business.

Follow Ups:

• Re: OT -oil over-supply Rod (NH) 14:19:28 03/21/05 (1)
  • Re: OT -oil over-supply Matt from CT 15:03:46 03/21/05 (0)
• yea-but Coloken 14:03:23 03/21/05 (1)
  • Re: yea-but Paul in Mich 14:26:44 03/21/05 (0)

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