1 posted on
05/23/2008 12:59:03 PM PDT by
decimon
To: decimon
The role that speculators play in the market and their effect on the price of oil can be found here:
Blame The Speculators!
2 posted on
05/23/2008 1:03:21 PM PDT by
tcostell
(MOLON LABE - http://freenj.blogspot.com - RadioFree NJ)
To: decimon
But wait: The oil companies don't set the price of oil or the cost of a gallon of gas.
If only the media would tell the sheeple this more often.
3 posted on
05/23/2008 1:12:41 PM PDT by
chaos_5
To: decimon
Good article! Thanks for posting.
8 posted on
05/23/2008 1:21:15 PM PDT by
caver
(Yes, I did crawl out of a hole in the ground.)
To: decimon
In the first quarter of this year, based on a retail price of gas that now seems like a steal $3.11 a gallon crude oil accounted for all but about a dollar, or 70 percent, of the cost, according to the federal government.There is no reason to believe that that statement is not equally applicable today.
But educating the moonbats here in FR and elsewhere is like fertilizing a rock.
Too complicated maybe?
14 posted on
05/23/2008 1:50:11 PM PDT by
Publius6961
(You're Government, it's not your money, and you never have to show a profit.)
To: decimon
This might be useful:
“WWW.ENERGY.CA.GOV / GASOLINE / WHATS IN BARREL OIL
What’s In A Barrel of Oil?
Petroleum Products Yielded from One Barrel of Crude Oil in California
Product Percent of Total
Finished Motor Gasoline 51.4%
Distillate Fuel Oil 15.3%
Jet Fuel 12.3%
Still Gas 5.4%
Marketable Coke 5.0%
Residual Fuel Oil 3.3%
Liquefied Refinery Gas 2.8%
Asphalt and Road Oil 1.7%
Other Refined Products 1.5%
Lubricants 0.9% “
Total volume of products is close to 50 gallons due to addition of refining products and ethanol.
28 posted on
05/23/2008 3:46:11 PM PDT by
count-your-change
(you don't have to be brilliant, not being stupid is enough.)
To: decimon
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