Dweeb is clueless.<quoted text>
You really are a hopeless dumbass.
Gas prices are higher in Europe duevto taxes.
The orice of crude has nothing to do with what the consumer is willing to pay.
He has no idea what the cost of gasoline is when a barrel of oil is cracked.
51% of the barrel is gasoline after cracking, or about 24+ gallons.
At $11 per barrel,(cost for XOM to lift a barrel) half being gasoline, that makes the cost of a gallon about $.25.
""At the recent Senate hearing where Big Oil CEO's defended their billion dollar tax breaks, it was disclosed that the production cost of oil was nearly 90% less than its market price of $100 per barrel:
Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil–based purely on supply and demand- should be in the $60 to $70 a barrel range. The reason it’s above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds...
Here are some other juicy disclosures from the hearing:
–The average cost of producing 1 barrel of oil was $11; the average price of the oil in the marketplace–$72– some 6.5 times the cost of getting the oil out of the ground.
–The profits for the big 6 oil companies was $36 billion in the year’s first quarter. A large part of the $36 billion was used to buyback shares or pay dividends to shareholders.""
Dweeb pretends to be in the oil business. But he isn't.
That's why it's so easy for me to prove his ignorance.
He gets his propaganda fromPutin and the ghosts in his TV!!