Oil prices are at near record highs but gas prices haven’t gone up.
What’s up with that? Could it be that BIG OIL is protecting their protector, Bu$hCo?
From BBC: Oil price near record close in US
In New York, crude closed at $77.02 a barrel, just below the $77.03 record set on 14 July 2006.
Analysts said that oil prices could keep rising next week.
“We’ve got a highly charged market here, and it doesn’t take much of a headline to spark a 5% price move,” said oil analyst Jim Ritterbusch.
It seemed that just a few weeks ago BIG OIL was setting us up for higher gas prices with their whining about refinery problems.
Oil refinery closure may drive up gas prices
Midwestern states that depend on fuel supplies from the flooded refinery in Coffeyville will see some of the highest prices in the nation for gasoline and diesel this summer, industry experts said.
Yet, gas in Houston, TX was $2.49 Yesterday and it hasn’t gone up in N. Texas.
Could it be that BIG OIL doesn’t want Bu$h’s approval numbers to go any lower than 25%.
You can’t fool all of the people all the time but apparently you can fool 25% all the time.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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