It took them 5-days to do it, but they did it!

Walter Burien, CAFR1.com

12/24/2011

Debunking Myths on Crude Oil and Gasoline Prices

What would be nice is if the bottom line reason that sets the price in the USA was brought forward clearly. That being:

If you can sell a gallon of gas for $8 to $10 in France; England; Spain; etc., you will “EXPORT” US refined oil to those locations for sale over selling domestically. That is just free market economics.

On the other hand if US Corporate and US Corporate 100% owned “global” oil production was just sold in the US, to keep say a price limit in effect below .60c per gallon then the price of a gallon of gas “in the US” would be about .45c to .60c a gallon and higher elsewhere outside the US.

Countries like Venezuela sells their production at a low price (below .60c a gallon) in their own country first as a benefit to its own people and then “ONLY” surplus oil production is sold elsewhere at a higher price. Hmmmm, maybe that is why the “Big Boys” don’t like Chaves? Just a thought.

Let Bill O’Reily bring up that point.

And now… the rest of the story. …..