As I understand it (and I don't understand it very well) oil prices and gas prices aren't directly correlative in America because America exports lots of the gasoline it refines to other countries, meaning that gas prices are higher than they should be. A very similar phenomenon happens in Florida with oranges for eating--we produce more oranges than any state but we import whole oranges at high (or, higher than it should be) price from California since almost all of our oranges are made into orange juice.
Originally posted by Archaeopteryx
The same could basically be said about all commodities, why aren't people outraged when food prices go up?
who isn't?
EDIT: also, you see nothing close to the type of fluctuations in food prices as you do in oil... at least in the West. In other parts of the world food riots are common, so ya, not sure what you are talking about
Originally posted by Oliver North
who isn't?EDIT: also, you see nothing close to the type of fluctuations in food prices as you do in oil... at least in the West. In other parts of the world food riots are common, so ya, not sure what you are talking about
Gasoline in the United States is very cheap compared to many other places in the world yet when it goes up a few cents people really ***** and complain. If, and I mean IF, we ever get a real economic recovery watch oil go through the roof.
Originally posted by Archaeopteryx
Gasoline in the United States is very cheap compared to many other places in the world yet when it goes up a few cents people really ***** and complain.
and good on you for standing up to those whiners who are legitimately sometimes spending and additional $20 - $50 dollars a week on a commodity that is almost certainly essential to their lifestyle.
preach on you freedom fighter, defender of man!
Originally posted by Archaeopteryx
If, and I mean IF, we ever get a real economic recovery watch oil go through the roof.
so like, you really don't get that the thread is about petroleum speculation do you?