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what you guys are missing is this --
the Federal Trade Commission is in charge of protecting us from monopolies, and from unfair business practices.
8 of the 9 members of the FTC are republicans.
keep that in mind for a bit...
from 2000 - the present, the FTC has approved every single oil company merger, with no conditions placed upon those actions.
when those mergers were proposed, the companies closed refineries, due to "excess capacity".
sounds logical, right ?
but, oh, wouldn't those refineries have been helpful now !
fellas, the speculators on the trading floor are driving up the prices, as are the hedge funds. BUT, their speculation is based on the U.S.'s lack of refining capacity.
crude supplies aren't the issue, never were.
if they had been, OPEC, Venezuela, etc. would have no room to play with output like they have been.
the Texas republicans, and their mindless puppet in the White House, have played the variables to perfection.
don't use the Europe example -- they have no resources, we do. from sea to shining sea, we have the resources in abundance.
cheap gas is your birthright as an American citizen.
for us to be paying these prices, is the result of a weak president, plain & simple.
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