- This topic has 129 replies, 1 voice, and was last updated October 27, 2007 at 7:56 pm by .
- October 27, 2007 at 7:56 pm #257576
I read this somewhere. The cost of oil is traded on
the commodities market, pretty much like the stock
exchange but instead where the cost,of crude oil ( or
gas as we know it) is bidded on. Sometimes those bids
are highly inflated to produce better results to the
shareholders. Some of those shareholders ( believe it
or not) may be us ( in our retirement funds). The
cost of crude oil is effected by the stuff that
happens all over the world such as war, storms,
hurricanes, production of oil etc. Each month the oil
commodities are bidding on the price is set for the
next few months. This means that these prices we see
now have been bidded on over the past few months.
That is why a one day gas srike does not help anyone.
We have become so dependent on foreign oil and I have
to shake my head in dispair every time I hear
potential presidents try to fool Americans into
believing that they can effect the price of gas.
These candidates know damn well that they cannot lower
gas prices but they make us believe that they can….
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