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And, it is not going to get any better any time soon. The world has to get it act together before we see any progress. Ralph
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I'm not sure it's about supply and demand. There seems to be plenty of gas around (seen any stations saying no gas today?). Between the speculators and the oil companies, someone is making a lot of money - our money. I would like to see what kind of profits the oil companies report
54 Victoria 312; 48 Ford Conv 302, 56 Bird 312 Forever Ford Midland Park, NJ
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$5.09 here in Southern Illinois for regular.
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Around $11.00 a gallon in central North Island New Zealand.
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"Too many women and too many pills"...Shoot to Thrill, AC/DC 55blacktie (6/5/2022)
Too many people, too many cars, and yet growth is encouraged. California's population has tripled since 1955.
"FREE SAMPLE"
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I heard a report that said exxon-mobil profits have doubled over the last few months.
54 Victoria 312; 48 Ford Conv 302, 56 Bird 312 Forever Ford Midland Park, NJ
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I apologize for pushing the thread a little off subject but check Exxon Mobol stock (XOM) for the last 12 months..............
64F100 57FAIRLANE500
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Two years ago, nobody would touch an oil company's stock and banks wouldn't lend money for oil investment. Most US refineries are between 50 and 120 years old, with the average age right about 40. When you make oil enemy number one before you have a working alternative, this is what happens. Blaming oil companies is not going to fix the problem. The government should call all the oil executives to the white house and ask them what can be done. This will never happen because those in power don't want to hear it.
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If the oil companies can sustain/increase profits by selling less gas, there's no incentive for them to produce more. When it's gone, it's gone. Producing more could result in a surplus, in which case prices will come down. Buying less gas will have the same effect, but how many people are willing/able to do that?
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Blacktie, is on to something all the Politition's never talk about. He mentions that Calif's population has tripled since 1955!. Hense Water shortages, Wildfires etc. And up here in western Canada record floods etc. Still our esteemed (?), Canadian Prime Minister is inviting 200,000+ people a year to come to Canada! .And we wonder why housing prices here have doubled in just a few years & the price of fuel has also doubled etc.. And then of course Covid 19 hit.. Mother Nature is rebelling!. As one of my car buddies says & he's seen a lot in his now 90 years.. "too many people". Winston Churchill, a man who had seen a lot in his life time, said many years ago, a couple should only have 2 children, 3 at the most, because you might lose one. The World is moving towards 8 Billion people!!. Historians have estimated that in year 1800, the world's estimated population was likely about 1.3 Billion.. And we wonder why comodities like Gas keep climbing in price?....
Paul
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