On Wed, 12 Feb 2003, Bill N wrote: > In this case, gas prices are rising in the USA mainly because of the > problems in Venezuela. That crisis has been going on for months. We've already seen a price increase from it weeks ago. Why would there be a delayed effect? > We don't get any oil from Iraq, and haven't for years. Canada doesn't > either. That may be true, but two points: - Oil is fungible, and the price of oil is set on a global market. It doesn't matter if we don't buy directly from a specific country; if the overall supply drops, the price still goes up for everyone. - It doesn't matter if it really costs the oil companies more. It's all about whether they have an excuse to raise prices. Look at 9/11; there was *no* disruption of oil shipments leading up to that day, but by that afternoon some stations here had raised their prices by fifty cents a gallon! _ _ __ _ _ _| | | | David M. Brodbeck (N8SRE) Ypsilanti, MI / _` | | | | | | +----------------------------------------------------- | (_| | |_| | | | @ cyberspace.org \__, |\__,_|_|_| "Everything is linear if plotted log-log with a fat |___/ magic marker." -- Mar's Law |
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