Even if gas prices fall, consumers will continue to be gouged at the pump the only thing that we can be sure rises faster that the price of gasoline is the skyrocketing profits of oil companies.
Major R. Owens, D. Rep. New York
Just as people are getting angry and feed up with gas prices the energy policy of the white house gang, Chevron announces a major oil find in the Gulf of Mexico. Coincidence or strategic planning?
Last year every last weather hiccup was cause to raise gas station prices two to five cents a day, but now with prices hovering around $3.00 a gallon and a barrel of oil fluctuating between $70 to $100, the oil companies are reporting $8 to $10 billion in sales every three months the troubles are behind us. Yeah right. Gas is dropping in price because we are in election season, so it’s time to announce gas is no longer an issue -- for now.
When was the last time gas prices actually came down around a major holiday as they did this Labor Day? I can’t recall a single one.
I don’t believe in conspiracy theories because no one can keep a secret, but Chevron must have surely known about this oil field for sometime, but why would they want to say anything until they could get the gas prices up to a point that is close to what they “should be” based on inflation. There will be some bumpy roads ahead, because it will take three to four years to get this new oil field piped to shore, but it will be smooth sailing everytime it's in the oil companies interest to reduce prices or announce new wonderful fields.