Posted by Buzzman72 on May 21, 2009 at 09:55:43 from (4.253.115.105):
In Reply to: Re: OT gas price! posted by JackE on May 21, 2009 at 05:14:35:
One of the networks did a news item about a month ago as to why the oil companies weren't drilling and searching for new sources of oil. When any of the Big Oil companies would talk, they basically said that as long as gasonline prices were under $3 a gallon, it wasn't "in the interest of our stockholders" to invest in new drilling.
So instead of drilling in the ground, the oil companies are drilling the consumers...many of whom have already lost their jobs.
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