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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: OpenSea who wrote (80623)3/9/2003 8:45:34 AM
From: quehubo  Respond to of 281500
 
Yes it is awful that US oil producers are earning more money. Geez there stock values are trading at multi year lows. Why because they have to pay for the oil as well and refining margins are piss poor.

The real point is that price of oil went up because Venezuela took 120 million barrels of oil off the market. This is 80% of the price increase.

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