mixter

Ike vs. Refining Capacity and Oil Price

Screw the gang of 20 that want to tax oil companies, limit offshore drilling, and generally put government interference in the way of practical problem solving, What does that wimp, Lindsay Graham know about the oil industry, or any thing else for that matter?

For all of you "Big Oil" haters. How come the price of oil has declined over 30% if they have control over the oil prices? The top ten private enterprise oil producing companies only control less that ten percent of the world's oil producing reserves. If they have the ability to still control oil prices with that little leverage, I would like to know their secret.