Posted by Steve@Advance on November 25, 2014 at 05:51:32 from (108.245.66.82):
Saw gas for $2.39 this morning!
But wondering, is this really a good thing? No, I'm not complaining, just wondering what the end result of this will be, and what is causing it.
My theory, and I may be completely off base here, but every time I see the news ISIS has gained more ground. And on that ground are thousands of producing oil wells, there free for the taking. So they have no overhead to overcome, can cut the price and flood the market with black market oil, support their cause, gain more ground, more power...
The oil companies that buy it, refine it, sell it, have no concern for anything but the profit they will make.
We in turn buy it, at a lower price, as we have no choice. And are in turn supporting ISIS...
I realize there is nothing we can do about it. Just wondering how this will look a few years from now!
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