[quote=“JEG,post:59,topic:29475"”]
Ahh…eh to an extent it is. The problem is it is a consumer market, and one that they know will sell regardless of price. I really think we should build new refineries in the Gulf and drill more oil there. Also, WE NEED TO TAP ALASKA!!! It is just sitting there doing nothing. If it is done right there will be little to no negative environmental impact…and its not like we are talking a state the size of Rhode Island…its 1/5 the size of the continental US for Christ sake.
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How would more oil effect retail prices if they are already making too much money (remember record profits)? All that will happen is that they will get their oil cheaper and make even more money. There is no incentive to reducing the price because there is no competition between oil companies. They all take their share of the record profits and have a grand ole time with our money.