Posted by Buzzman72 on March 18, 2012 at 09:32:25 from (74.129.196.127):
In Reply to: Get this posted by John T on March 18, 2012 at 08:59:09:
Not only THAT, John...but right now, the US is a net EXPORTER of oil and gasoline. In other words, we're selling more to other countries than we're importing. So DOMESTIC supply-and-demand has little effect on pump prices; WORLD supply-and-demand is a major part of what's driving prices.
So increasing domestic supply [a/k/a "Drill, baby, drill!"] will have little, if any, effect on price at the pump. Any politician who tells you otherwise is a liar [but then, by saying "politician," I suppose using the word "liar" makes that phrase redundant].
Kinda like my auto insurance...they told me that, even though my driving record was good, my rate was high because I was single, male, under 25, and drove to work. THAT, they explained, was their highest rate class. When I got married, my rates didn't go down. When I turned 25, my rates didn't go down. When I lost my job, my rates sure as hell didn't go down; because my credit was affected, my rates actually went UP. And to this day I have no desire to have a s*x change. So the fact of the matter is, even though I am allegedly out of their "highest rate class," my rates continue to go up, even though I've been accident-free and ticket-free for years. Oh, yeah; they told us that one "benefit" or mandatory auto insurance laws was that, because it would reduce the number of uninsured drivers, rates would go down. That was ANOTHER lie.
Now, I understand that oil companies are yet again reporting record profits; yet nobody's getting gouged.It's simply a response to world markets, and we need to get used to it.
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