There are hundreds of functioning oil wells in America that have been capped. Why? Supply and demand.
If there is too much oil/gas available the prices will be very low, and by capping wells and reducing the available "supply" companies can charge a higher price. The demand is always there.
high demand + high supply = fair prices
high demand + low supply = high prices.
These people know what they are doing!Gas cost 35 cents in 1969, minimum wage was $1.00.
Now gas is $3.50, minimum wage is $7.25
At 35cents a gallon it was 35% of the wage. At $3.50 it is 48%.
MPG in 1969 12-16per gallon. MPG in 2010: 16 to 22 mpg an average 26% increase.
Reality is a hard thing to accept.
PEACENOTWAR MAKEFRIENDNOTENEMY FEAR ALLAH NOT MAN.ISLAM MEANS PEACE.ISLAM FOR ALL. MUSLIMS ARE NOT TERRORIST AND TERRORIST ARE NOT MUSLIM.PLEASE BE INFORMED THAT ALL PICTURES AND TEXT IN THIS BLOG ARE TAKEN FROM THE WEB UNDER FAIR USE TREATY AND FOR MY PERSONAL COLLECTION.IF THEIR OWNERS DO NOT LIKE THEIR PICTURES OR ARTICLES APPEAR IN THIS BLOG,PLEASE CONTACT ME TO DELETE..THANKS.
No comments:
Post a Comment