Originally Posted by Darth_Porn

Ok ... I'll let you guys in on a little secret:

The reason why Crude Oil price reached 109 US Dollars per barrel is NOT because OPEC reduced production and it's not because of higher demand.

It's mainly because the price of Crude Oil is quoted in US fucking Dollars and the USD has been taking a massive beating lately.

It doesnt cost them more to produce oil today than what it did a few years ago and supplies are on the same levels as before.
However since the value of the USD dropped about 15-20% this year alone for the oil & gas companies to continue to make the same profit, as lets say last year, they need increase the price by 15-20% to cover the difference.

So .. in short, the US Dollar and US economy in general, is MAINLY to blame for high gas prices.

You listen to big oil talking points too much. Lemme guess you heard that on FOX. So if your theory holds true, then if they doubled the amount of oil in the marketplace by pumping more, nothing would happen.

You are a fucking tool. Not a wrench or a hammer, you are the screwdriver that the end is stripped and the handle is broken.