I heard somewhere on the radio (wasnt the big 3 news, so it has a snowball's chance of being true) that the $60+ oil is the FUTURES CONTRACT price, not the actual price of oil coming into the country today, which was somewhere in the mid $40s at the time. They are talking about $90 FUTURES contracts for Dec now. We may not see $2 fuel again. Menawhile, the media is making a big deal out of the oil prices, and failing to mention the ACTUAL price of oil vs futures. Crises get ratings, and that is all they care about any more.
And the environmentalists are just as guilty as the media- they havent allowed any new refineries to be built in 30+ years- mating habits of mosquitoes may get disturbed. Add to that, runaway power from the EPA, and special blends of fuel by region (cant ship from CA to MN), and you get a bottleneck, and higher pump prices. I wont sell my CTD, but if it goes up much more, I may buy a VW TDi. I live too far from work, and it is too hot now to bike.
I'll try to look up that report the guy on the radio was mentioning.
Daniel
And the environmentalists are just as guilty as the media- they havent allowed any new refineries to be built in 30+ years- mating habits of mosquitoes may get disturbed. Add to that, runaway power from the EPA, and special blends of fuel by region (cant ship from CA to MN), and you get a bottleneck, and higher pump prices. I wont sell my CTD, but if it goes up much more, I may buy a VW TDi. I live too far from work, and it is too hot now to bike.
I'll try to look up that report the guy on the radio was mentioning.
Daniel