Wednesday, July 28, 2010

Oil reserves up? Down? Gasoline reserves up? Down? Does it really matter?

Okay, so let me get this straight...the oil/fuel report comes in (now we hear about it on a weekly basis instead of 'never'). All of the analysts expected a rise in crude supplies (1 mill. barrels). To their dismay, it's down 1.7 million. Gasoline on hand was expected to go down and instead it goes up! First, who the hell are the analysts and who pays them for being clueless?








Next...The traders completely ignore the rise in gasoline reserves and focus on the decline of crude. Big surprise! Net result the price at the pump goes up. Let's also keep in mind that this 'drop' of 1.7 million barrels equates to less than 1/2 of a percent (0.5%) in our nations stock reserve of 320 million barrels. I'm sick and tired of the price at the pump jumping 20 - 25 cents everytime there's a decline in either gas or oil! We are being manipulated %26amp; screwed...it is legal extorsion by the oil companies that are TOTALLY in collusion with the government, wall street, lobbyists, etc...your thoughts?Oil reserves up? Down? Gasoline reserves up? Down? Does it really matter?
Anyone that can figure out the comedy of errors that dictate gasoline prices is either a mensa member or a complete 'tard. I've never seen any logical reasons for most of the changes. It should be sold as a product and not a commodity, and the price of gas in the gas stations holding tanks shouldn't change until the next time they fill it.

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