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Re: Drillbit post# 1178

Sunday, 10/10/2004 4:26:03 PM

Sunday, October 10, 2004 4:26:03 PM

Post# of 2517
Drillbit.... I have to disagree about why the price of oil is raising.... Here's my take on it.

1. Too many different gas formulations required by different states making the refineries formulate by state.

2. Record profit by big oil companies.

3. Nervousness by the market that is unfounded.

I do agree, however, that the US has had it good as far as gas prices goes. Go to Canada, UK, Germany or any other developed nation and prices are much higher. We are too dependent on gas when there are great alternatives available to us. JMO

The difference between genius and stupidity is genius has its limitations, stupidity doesn't.

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