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Thursday, March 27. 2008

Who controls the oil markets?

The Dems refuse to understand it, but Q&O gets it. Lots of charts. There is no such thing as American "Big Oil." American oil is "Little Oil."
Posted by Bird Dog in Politics at 10:50 | Comments (3) | Trackbacks (0)

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"Big Oil" is a such a nice fat easy political demagoguery target because the pols and the sheep media continue to profit by burying the info on how much taxes "Big Oil" pays at every level, plus how much of your retail fuel price is further tax, plus how price has to work in a 'contango' market, plus the accelerating costs of ever less efficient (in terms of reserves return per sunk cost) exploration, plus how much of "Big Oil" is owned by ordinary folks' retirement funds.
#1 buddy larsen on 2008-03-27 13:05 (Reply)
If you think about it, the oil industry is amazing. It manages to pump out oil in some of the most geographically and politically difficult places on earth, often at the great discomfort and even peril of its employees, transport that oil over oceans, refine it into many different products, and then distribute gasoline and other fuels to the remotest corners of the United States, all at a price per gallon that is still so low that Americans will endure almost no inconvenience in order to conserve it (which proves what a great value it is). Simply astonishing.
#2 TigerHawk (Link) on 2008-03-27 14:20 (Reply)
astonishing it is, for a fact, esp in your 'big picture' presentation.
#2.1 buddy larsen on 2008-03-27 14:43 (Reply)

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