Alot of people are making money on oil, PBR, Brazil, even made a recalulation of it's proven oil reserves by another 2 billion barrels, calculate that with the price increase in oil for just yesterday, now someone just made some money, and they did not pump one barrel into the supply line. Welcome to math, and this is real money, black gold, think about it.
"A section running south from Cushing in Oklahoma to the Gulf of Mexico opened in January 2014. At the coast there are additional refineries and ports from which the oil can be exported."
We're victims of price gouging, pure and simple. When the price of a barrel of oil goes up, gas stations immediately raise the at-pump prices. It's a safe assumption that the gas they're selling was bought and refined long before the rise in the price of oil
NO doubt all the major producers of oil want the highest price which the world can suffer without the dangers of it causing a recession. Most all analysts seem to agree as well that oil companies cannot ratchet up production as quickly as you seem to feel they could. You seem to understand the area better than i do. I feel i don't know much about anything at the moment.
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