I felt much the same until I heard a talking head say that the same would be true if the US stopped exporting Gasoline. Because of the following reason(s)
Cause=US stops exporting gas. Effect=price drops
Cause=price drop. Effect= less gas produced to meet demand= less oil needed=less oil imported / produced=refining output drops=higher prices at the pump because of more demand than supply. It's a vicious circle that will not end until the world decides that only pertrolium products producers can buy oil on the open market. as it stands now anybody with a few bucks can buy oil to hedge against the declining dollar. If only refiners could buy oil and gas stations could only buy refined products, there would no wild swings like you see today. Gasoline would still be higher due to world demand. But probably around $1.80 ish per gallon. All the rest is your hedge / retirement fund managers trying to do what they are paid to do.
Just my opinion, no need to get upset if you don't agree
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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