To reiterate, if $3.23 is the fixed cost to the oil & gas baron per gallon of gas as you claim, meaning they can't make a profit by selling a gallon of gas for less then $3.23/gal, then HOW do you explain them STILL making BILLIONS in profits during the 1990s & 2000's when gas was WAY BELOW $3.23/gallon?<quoted text>WTS has conceded worldwide demand for oil and gas is increasing, that's the other side of the supply/demand function. As demand increases, prices increase unless supply increases at the same pace.
<quoted text>This is contradicted by the facts:
Crude oil cost: 66%($2.40/gallon)
Refining cost: 12%($0.43/gallon)
Marketing and distribution cost: 11%($0.40/gallon)
I'm still waiting for WTS to explain how anyone can make a profit if cost exceed price.