Thread: Gas Prices
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DamnthatDavid DamnthatDavid is offline
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Old Mar 1st, 2004, 11:45 PM       
Funny Story. First, here are the OPEC Nations.

Algeria - North Africa
Indonesia - Oceania
Iran - Middle East
Iraq - Middle East
Kuwait - Middle East
Libya - North Africa
Nigeria - Africa
Qatar - Middle East
Saudi Arabia - Middle East
United Arab Emirates - Middle East
Venezuela - South America

And yet, they do not make up the 50% of all our Oil Imports. we, roughly get only about 25-35% of our oil from OPEC.

Now, OPEC has decided to cut back oil exports by 10%.
What is 10% of even 50% of all oil imports for the United States?
And This 10% is split among all the other countries which will need fuel. Japan, Russia, Europe, etc.

Strange, ain't it, that our gas prices are jumping like this.
It all a surreal world ain't it? Domino effect price guage.

US Oil companies see that OPEC is lowering the exports of oil.
And the American people see this also. This tells them. "Gas Prices may rise" The US Oil decides this is the perfect moment to tack on an extra 10-20% price for each barrel. Figuring that Americans are already preparing for a increase in gas prices, and hell, they wouldn't ask to many questions over a higher increase. And if they complain, it's unpatriotic it is!
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