dicksbro,

Yes indeed it is. The supply is controlled while the demand is not. China’s rapidly growing economy has caused that country to become a major oil consumer. It is now second only to the U.S. as an oil importer. Contention for Middle East oil between the U.S. and China is already a security issue.


Aye, there's the rub. That will be very difficult to do, and the longer we wait before we begin to try (really try, not just talking about it) the more unpleasant the process will be.



Low around here is $2.15 this week. You don’t need silly conspiracy theories to explain the pump price.

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Eudaimonia