Re: [DMCForum] Re: Gasoline Prices

[Bob Brandys <BobB@xxxxxxxxxxxxxx>]

Checksix3

You need to do more research on the economic facts.  (eg.  by some BP or 
Exxon stock and check your annual report)

salaries, No change in employee salaries,  Only exectives have increased.
benefits, Employee benefits have been cut
equipment costs, Two weeks ago the Wall Street Journal had an article 
critical of the US oil industry.  THEY HAVE ACTUALLY DECREASED THEIR 
SPENDING ON EXPLORATION AND DISCOVER.

hugh amounts of fuel it takes to explore and recover oil,  SEE ABOVE 
STATEMENT FROM THE WSJ

 
DO YOU KNOW WHAT AN OLIGOPOLY IS?  THAT IS WHAT THE OIL MARKET IS.  THIS 
MEANS THERE IS NO CONNECTION BETWEEN SUPPLY AND DEMAND.


OH YES,   HAVE ANY IDEA HOW MUCH OIL CHINA IMPORTS.   IT IS ONLY A SMALL 
PERCENT INCREASE IN TOTAL WORLD CONSUMPTION.


AND GUESS WHO NOW HAS THE MOST RESTRICTIVE MILEAGE PER GALLON 
REQUIREMENT ON CARS  - CHINA  !!!!

JUST THE FACTS,  NO OPINIONS BASED ON DISINFORMATION.

BOB

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