Quote:

the price will be what it is .... Saudia Arabia bailed from OPEC... to increase production and lower prices. This is a scare.



Seems like this would be a good thing - raising production should increase available supplies, thereby lowering prices.

The thing we have to know though, is that WE don't buy oil, OR make gasoline. OIL COMPANIES do.

Now they can buy it a little cheaper than they did yesterday, but they still control the price at the pump. MORE PROFITS for EXXON, ROYAL DUTCH (SHELL), SONOCO, and the like.

We don't always get the same breaks they do. (And THEY like it that way.)


Keith
Houston
Ridin'Texas
'04 Speedmaster
AI removed, Pingle, UNI Filter, 1 shim, straight-through slash-cut TORs, Stage 1 DynaJet, 140 mains, 3 turns, 16/42 final drive, 115K
2020 T120 Black