Re: Who's pulling who's wheight?
Indeed, it seems almost unfathomable that greater progress has not taken place to control oil costs.
Consider times when crude oil dropped to substantial lows, such as 1998 when it got as low as $10/barrel. Gas prices certainly went down, but nowhere near the amount they should have based on crude costs.
There have been regulations regarding other industries, like the electrical providers (at least in Canada) and some others where they have been mandated to establish a maximum rate for a pre-defined timeframe.
If those industries can be controlled, why can't oil? Yes, the industry probably has incredibly tight ties into many areas of political influence etc, but seriously? Why do attempts to rectify this abuse never gain traction, despite lawsuits and many other efforts?
When we consider the significant impact of oil cost on EVERY industry, you quickly realize that it's not just the gas pump that's thinning your wallet, it's every trip to the grocery store, the shopping mall, your postage costs, etc, etc.
There is a tremendous effect on most markets which has impact on us far beyond our personal gas consumption. As obvious as this point may seem to some folks, many overlook it.
