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To: libertarianPA

Oddly, gas and oil reserves have been increasing 3 of the last 4 weeks, but prices have surged. This surge happens every year before Memorial Day weekend, but this is worse than usual.


3 posted on 05/23/2007 1:37:33 PM PDT by Always Right
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To: Always Right
This surge happens every year before Memorial Day weekend, but this is worse than usual.

I don't see a Memorial Day "surge," do you?


8 posted on 05/23/2007 1:48:07 PM PDT by E. Pluribus Unum ("All the measures of the law should protect property and punish plunder." --Frederic Bastiat)
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To: Always Right
Oddly, gas and oil reserves have been increasing 3 of the last 4 weeks, but prices have surged. This surge happens every year before Memorial Day weekend, but this is worse than usual.

Finding oil won't lower prices. Pumping it out, refining it and selling it on the market will lower the price. That can happen even if reserves shrink, which it often does. In fact I suspect that the price is usually low when reserves are shrinking and usually high when they grow.

12 posted on 05/23/2007 1:49:35 PM PDT by ItsTheMediaStupid
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To: Always Right
Oddly, gas and oil reserves have been increasing 3 of the last 4 weeks, but prices have surged

Because refineries are switching from producing heating oil to gasoline.

14 posted on 05/23/2007 1:50:48 PM PDT by Paleo Conservative
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To: Always Right
gas and oil reserves have been increasing

Gasoline stocks are increasing but still low.


33 posted on 05/23/2007 2:16:54 PM PDT by thackney (life is fragile, handle with prayer)
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To: Always Right

If the oil companies could get permits to build more refinery capacity, long term prices would decrease significantly.

Maybe the union employees of the oi;d companies need to get on the Democrats for preventing the construction of additional capacity.


65 posted on 05/23/2007 4:07:01 PM PDT by SeaHawkFan
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