PeachParts Mercedes-Benz Forum - View Single Post - Did anyone see the CNN special predicting Global Turmoil becuase of fuel shortages?

dlssmith · #24 03-30-2006, 09:34 PM

There won't be crude shortages with prices like they are now. At $60 plus, the saudis and everyone else are making some money at the derrick. The shortage problem is almost always post refinery in the supply chain.

Hello, if crude was $20 per barrel and gas was $1.25 per gallon just a few short years ago, then why isn't gas $3.75 when crude is now $60?

It's called the market place law of supply and demand. Price goes up, demand goes down. and the reverse happens too. Just remember, there are separate markets for crude oil and fuels.

CNN has to "make" the news if there isn't any to report.