the most significant reason oil costs what it does is the weak dollar. i wish i could remember the exact numbers, but basicly if the dollar was worth today what it was 8-10 years ago, oil would be half what it is.
that ted rall, who i've never heard of, is an idiot. i didn't see him mention the low cost of gas in the countries he mentioned is because it's subsidized. don't be mistaken though, the dems have mentioned nationalizing the oil companies on the floor of congress! currently the oil companies operate at 9-10% profit. if those companies were nationalized, their inefficiencies would exceed that savings. the govt is making more a gallon than the oil companies, maybe obama should look at that.
by the way, it's oil companies that drill and refine turning a profit. right now those who only refine are losing money.
drill here, drill now, save.
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God created man, baseball bats and Winchester made them equal. _Evel Knievel_
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