Sunday, February 15, 2009
I'm Throwing the Bullshit Flag!
Crude oil is down...5 TIMES what was not even a year ago, so why is gas going up? Well, the "experts" will tell you that the reason is because of 3 words, West Texas Intermediate. The problem? A pipeline that doesn't exist for these guys to get us oil on our own turf even cheaper than we can get it with shipping costs from the likes of North Sea crude. They said so themselves, "Historically, West Texas International crude has cost more. So nobody bothered building the necessary pipelines to carry it beyond the nearby refineries in the Midwest, parts of Texas and a handful of other places." So, you mean to tell me that the reason why oil that's bidding for 5 TIMES more than a year ago is because of a logistics problem? I'm throwing the bullshit flag! Transportation costs, pipeline costs...there's only so much of that shit you can shovel. I know there are other sources like in Canada that are a $10 more per barrel option to get around this, but you're still looking at sub $50 oil. Where's the difference in $3 gas(with oil at a $150 barrel price) versus the approaching $2 gas(with oil at a $47 barrel price) we are currently getting so far beyond our reach? How does that $1 difference translate to a $100+ difference per barrel? Also, why haven't we had this problem earlier? What has really changed in the world of oil logistics?
I am the complaint department manager and I just threw the bullshit flag.