This is where it goes every time......
There's unrest, so the speculators cause prices to rise...REGARDLESS of the supply/demand ratios, which SHOULD rule the market, but no longer do.
THEN, the oil companies rake in higher profits, along with the MIDDLE MEN (where I put most of the blame) who are the ones who actually order the RISE of prices at the pumps by immediately increasing the price paid by station owners.........
The sick part of this is that it takes MONTHS for higher priced crude to actually make it's way through the system to the pumps. SO, they're GOUGING the public, PLAIN AND SIMPLE, and it's OUTRAGEOUS.
It ALWAYS happens, and no government entities charged with protection of the public FROM gouging ever do a blasted thing to change it.
Right now, supplies are UP, and demand is LOWER than in past years. They talked about removing oil from the market process affected by speculators during the Clinton years.......but nothing came of it. Same with "drill here, drill now".........WE JUST NEVER LEARN.........
Let me ask you this.........IF oil drilling and production in THIS country (which is nearly DEAD due to environmental wacko's) were put to a PUBLIC REFERENDUM, what do you suppose would be the outcome??
I think you KNOW the answer. There is a very small minority (environmental activists) ruling over the vast majority in this nation, and they're bringing us to RUIN.
They will shortly RUIN our classic car hobby if the people don't rise up, en'masse, to stand against it. We can't just leave it to SEMA or a few other organizations.....we must be involved personally, and begin to make waves in the localities, and at the State and Federal levels. If the PEOPLE are silent, they lose.