i agree with everything you said.
but to say that the cost you see at the pumps is directly related to the cost of production and the cost of producing that BBL of oil is ridiculous
The point i am trying to make is that supply and demand doesnt control oil prices.
the idiots who control stocks control oil prices
There is more than enough oil to provide for the world, for a LONG, LONG, LONG, LONG time.
50-60 percent of cost comes from the price of crude
20-30 percent of cost comes from refining costs AND PROFITS
The rest is taxes and marketing
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