Dear lovely Americans. You really happy about low gas prices? Go Obama! right? Wrong. Here is the real reason why gas prices are so low. Saudi Arabia produces oil for $2 a barrel and sold it for over $105. American oil companies can only pump it out of the ground for $65 a barrel and sold it for $100. Well the Arabs didnt want competition so they lowered their price to roughly $60 a barrel. This will put all American oil companies out of business because they cant even make a net on these prices. (Get it? Because 60 is less than 65) Gas prices are low in the US because out oil companies are being slaughtered by Arab oil companies. When all US oil companies go bankrupt, all the prices will go back up and even higher now that there will be no competition. And as a disclaimer for all the liberals out there who will call bullshit on all my info. Its factual. And I got this info from my good friend in the oil business and then double checked it with your beloved NPR liberal news source and confirmed that this is true. npr.org/blogs/money/2012/04/02/149684373/the-real-reason-gas-costs-4-a-gallon
Posted on: Sun, 04 Jan 2015 20:08:00 +0000
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