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Originally Posted by Benzadmiral
We've had a 100% increase in the cost in only about a year. They say there have been problems with the oil rigs out in the Gulf due to Katrina and Rita. Okay. But I ask you:
How come we never had such horrendous price increases in previous hurricane years????
Rant mode off for now.
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Because in previous years there was excess production capacity in other parts of the country and world that could pick up the slack if output was cut in one place. Now, world consumption runs about 91mill/barrels a day and world production is 91 mill/barrels a day. Any disruption in supply sends prices soaring...If you don't like it (and I don't mean this in a sarcastic way) take the bus, ride a bike, walk do what ever you can to avoid using oil. It really is the only way we have to fight back, by keeping your money out of their (Oil Companies) pockets as much as possible.