GAS UP :Gulf Rigs shutting down-Gas prices going up.
Posted in the Central High Forum
#1 Aug 27, 2012
Though no cost has hit the oil companies, they all are set to increase pump prices for gas in the ground at retail locations in anticipation of 2 weeks of restart and resupply of the gas stocks.
How come we all can't conduct business like this. What happened to the standard: The bigger the risk the bigger to profit. There dont appear to be much risk for the oil companies. They need to take on the chin like any regular business and not be allowed a buffer for future losses based on speculation.
#2 Mar 1, 2013
Any more on this?
#3 Apr 9, 2013
I am from SE Louisiana originally, and I can tell you what I have heard from oil company execs myself: They shut down refineries, and do not open more. The cost of gas goes up due to artificial scarcity, and they can blame not building more refineries on environmentalists.
To put it simply, Americans are morons for continuing to let our political leaders give these parasites government subsidies.
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