Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 09-30-2014, 07:19 PM   #4355
Donger Donger is offline
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Originally Posted by Buzz View Post
Why?
Pretty much all of it.

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Originally Posted by Buzz View Post
New technology gets cheaper as it goes along.
Not really applicable to the oil industry.

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Originally Posted by Buzz View Post
Add in global warming and electric cars, oil companies are starting to worry we will move away from oil dependence.
No, they aren't. Every drop they produce is rapidly consumed and that isn't going to change any time soon.

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Originally Posted by Buzz View Post
How do you explain OPEC pumping more oil with prices falling?
Prices haven't fallen very much. And they keep pumping because people keep buying.
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