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Originally Posted by host
ace....demand in the US is down....and "the market":
Three new Gulf of Mexico petroleum projects, all routing their production via the new "Mardi Gras pipeline" (see Chicago Tribune article below for details on pipeline....) to south Louisiana refineries.... all coming on line in the last six months....two of the three....just in the past month....combined expected increase in total domestic US oil and gas production is more than 7 percent....and price has done the opposite of what you say such a perception by "the market" will bring, ace..... you posted nothing more than republican party driven talking points....
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Host,
If I explain the flaw in your argument will you take the time to read it and try to understand it?
But first, let see if I understand your point. You seem to be saying that in spite of an increase in domestic oil production of 7% and a decrease in domestic demand of gas and diesel, oil prices have gone up rather than go down. Is this a correct sumation of your point?