Oil prices that remain too low would start hurting wealthy oil producers!!! / myLot

Camel Gas Station - Go ahead buddy, rub it in.

United States

December 6, 2008 2:10pm CST

Are you ready for this? On December 17, they're going to have a meeting to make sure the welathy still remain profitable. Looks like our gas prices are about to go back up! Happy MyLotting!

http://www.mylot.com/w/newsarticle/2150404.aspx

1 person likes this

1 response

cheongyc

@cheongyc (5072)

• Malaysia

7 Dec 08

This is expected. Those who have a control of the oil price, will not hurt their own pockets. They will always ensure that the business is lucrative, and they don't have any reason to care for the end users. This is simply because we don't have alternatives. Even the oil prices goes sky high, we still need it. It's become such a important strategic resource worldwide. But I can see two advantages if the oil price goes up. It will trigger the effort to research and look for the next generation fuel. Secondly, people will use the fuel more thriftily and wisely. With such optimum usage, unnecessary waste could be avoided and this will help to reduce the pollution and even the global warming effect. No offense, this is my personal point of view.

1 person likes this

@PrincessKitten (790)

• United States

8 Dec 08

Use Acetone to get better gas mileage - I use 2oz of 100% pure acetone in my tank every time I fill-up. It makes a noticeable difference in my mileage.

cheongyc, You're preaching to the choir there buddy! Now new drivers don't just get in their cars and start "cruising", which is a practice I've never understood anyway. It's a small-town America thing I think. Happy MyLotting!

1 person likes this

cheongyc

@cheongyc (5072)

• Malaysia

8 Dec 08

Well, I am just frustrated by fluctuating oil price, which are manipulated by the syndicates. Now, they have successfully killed the half-wounded world economy by pushing the oil price until it reach the historical heights of $120+ per barrel. And as a responding effect, the world recession had been accelerated by increased oil price, because the oil-dependent industry tried their best to cut down operational cost by downsizing. More unemployment and lesser consumer spending had caused the consumption dropped down significantly. This is live example of cause and effect, and comply to the old sayings "what goes around, comes around". Therefore, they are planning to reduce the oil production, hoping that the oil price will go up again. I bet they will finally hurt their own pocket with their own hand by now.

1 person likes this