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<blockquote data-quote="The Other Side" data-source="post: 2180552" data-attributes="member: 17969"><p>Why do you say crap like this??</p><p></p><p>The reality is baba, that producers have been shutting off WELLS and driving down supply, forcing prices over the 40 a barrel margin. </p><p></p><p>Gas prices are rigged, we have explained this a thousand times, and yet people like you repeat the ridiculous claims that a "SEASON" drives up prices.</p><p></p><p>At the present time, less than 350 rigs are operating in the USA, down from a RECORD 1645 rigs at the peak of USA production under President Obamas "use it or lose it" mandate.</p><p></p><p>AS soon as prices fell below the 30 dollar a barrel mark, producers have systematically shut down wells to drive down supply to force prices upwards.</p><p></p><p>The drill baby drill Bullcrap is empty talk, as we can see what happens to the oil industry when they drill and produce.</p><p></p><p>When GW BUSH was in office, the oil producers NEVER had more than 205 operating wells for 8 years, keeping prices SKYHIGH.</p><p></p><p>At 1645 rigs, the price of oil plummeted below 30 dollars a barrel.</p><p></p><p>Summer blends have nothing to do with the current rise of the price of gas. </p><p></p><p>SUPPLY makes the difference.</p><p></p><p>For "christ" sake, learn the oil business before you comment on it.</p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 2180552, member: 17969"] Why do you say crap like this?? The reality is baba, that producers have been shutting off WELLS and driving down supply, forcing prices over the 40 a barrel margin. Gas prices are rigged, we have explained this a thousand times, and yet people like you repeat the ridiculous claims that a "SEASON" drives up prices. At the present time, less than 350 rigs are operating in the USA, down from a RECORD 1645 rigs at the peak of USA production under President Obamas "use it or lose it" mandate. AS soon as prices fell below the 30 dollar a barrel mark, producers have systematically shut down wells to drive down supply to force prices upwards. The drill baby drill Bullcrap is empty talk, as we can see what happens to the oil industry when they drill and produce. When GW BUSH was in office, the oil producers NEVER had more than 205 operating wells for 8 years, keeping prices SKYHIGH. At 1645 rigs, the price of oil plummeted below 30 dollars a barrel. Summer blends have nothing to do with the current rise of the price of gas. SUPPLY makes the difference. For "christ" sake, learn the oil business before you comment on it. TOS. [/QUOTE]
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