Re: Fuel Prices - You're misguided

Posted by TommyD on August 22, 2005 at 09:11:12 from (198.50.63.15):

In Reply to: Fuel Prices posted by bulls eye on August 20, 2005 at 07:07:42:

I work for a major oil and your ideas are misguided. Gas prices are being driven by Wall street, not the oil companies or even supply and demand. The government could step in a variety of ways, but none are good in the long run. Promoting stability in oil producing nations will calm investor fears and bring prices back down or investors will get comfortable with the chaos and the prices will come down. it's just a matter of time. In the meantime, the higher prices are causing car companies to think more about producing more efficient, cleaner vehicles. Evnetually, that will create a decline in the demand for gasoline and prices will come down that way. The oil companies want prices to be stable, wherever they wind up. We lose our shirts when prices are rising because competition doesn't allow us to raise street prices fast enough to overcome increasing costs. I understand your view and hear it all the time, but it's simply wrong. Anyone may e-mail me if you want more information.

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