| Realistically though would the reduction of the national oil reserve would have a dimple in oil prices. Anything that gets done to ease the cost is quickly "accommodated" by the oil industry to bloat their profits. I don't know how many times I've seen on the news how some bizzarre broken oil line in the middle of nowhere makes prices spike or because some politician in a 3rd world country scratches his ass wrong and "speculators" believe it has something to do with supply.
Over the past several years the oil companies have been blaming the higher prices on low supply yet each quarter they are setting record profits. Does it seem particularly coincidental that prices shot up at the same time people were getting these stimulus tax payments? They have highly paid people crunching numbers on how to manipulate prices in favor of their pocket books. With the stimulus payments, they are figuring "hey, why should we let American's spend the money on something they want when we can take a big bite out of it." |