Tuesday, February 28, 2012

"Oil Glut" in U.S. still means we need a loan to fill-up.

I've spent some time in the commodities markets, but when I see articles like this one in today's WSJ, everyone should wonder about the reasons we're given for the high costs at the gas pump.  Here in the U.S. we have too much oil sitting in one place, so refiners need to go out and buy oil somewhere else at a "scary world, over-speculated" price??? Then they pass that on to consumers here ??? I've heard some "doozies" before, but come on.

I know Mr. T.Boone Pickens will make a lot of money, but it's time for us to have another way of filling-up.  Natural gas, electricity.  Bring it on. 

http://online.wsj.com/article/SB10001424052970204653604577249382206200386.html?KEYWORDS=pipeline

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