I honestly feel we would be able as a nation, able to recieve
more OIL at lower prices if we had never gone to war in the
first place and if this WH would have just been mute and
non-exsistant.
Am I dreaming?......READ THIS!!!!
<
http://www.nytimes.com/2003/08/09/business/09OIL.html>
"Fuel Prices Move Higher, and Trend Is Expected to Persist"
By NEELA BANERJEE
Notice that recent rise in prices at the gas pump?
Fuel prices have risen over the last two weeks, and analysts warn that the increase may be an early signal that prices of gasoline and heating oil could stay higher than usual through the end of the year, in large part because of chronically low stockpiles of crude oil and petroleum products in the United States.
The average retail price of regular gasoline is about $1.54 a gallon, about 2 cents higher than a week ago and 14 cents more than a year ago, according to the Energy Information Administration, the analytical arm of the Energy Department.
The main factor in higher gasoline prices is the price of crude oil, which reached $32.85 a barrel during trading in New York yesterday, its highest point since March 18, two days before the start of the war in Iraq. It closed at $32.18 a barrel, down 21 cents.
"Crude oil, I think, will stay around $30 a barrel for the remainder of the year," said John Cook, senior oil economist at the Energy Information Administration. "I'm looking for relatively high prices for gasoline and heating oil."
Consumers are only now becoming aware that gasoline prices are edging higher, just as many prepare to leave on vacation, said Geoff Sundstrom, a spokesman for the American Automobile Association. Drivers generally begin to complain when prices are considerably higher, closer to $2 a gallon, but the relatively high price of fuel has now caught most consumers by surprise, Mr. Sundstrom said.
(Con't).....................
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