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The price of gas
Old 07-13-2006, 07:29 PM   #1 (permalink)
rixafter6
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Thanks Rolando.

I hope this doesn't come under the title of "politics"

Okay we all know the price of gas is going up and up, but can anyone tell me why the price skyrockets at the pump immediatly when it takes 3-4 weeks for oil to get from Nigeria to the US when one of Nigeria's pipelines springs a leak? Why doesn't the price at the pump go down when they get that same leak fixed two days later?

I used to work for an enviornmental company that had contracts with pipeline companies and I'm here to tell you that those companies get that pipline fixed in a matter of 1-2 days. The clean up may take a week or two but that pipeline is fixed toot-sweet.

In the mid 70's during the Arab oil embargo it cost the domestic oil companies $15 a barrell to pump oil out of the ground. I know that inflation has played a part in the increase in costs but why would it cost that much more for the oil companies to get that same oil out of the ground from a well that has been on automatic since the 70's?

Could it be that the oil companies are now dedicating a particular oil field to the retirement fund of Exxons former CEO that is now enjoying a $144,000 a week retirement pension?

I'm sooooooo confused and now broke.

Rick D.
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