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**Brent P[_1_]** · September 6th 06, 03:09 PM posted to rec.autos.makers.ford.mustang

In article >, Joe wrote:
> (Brent P) wrote in
> :
>
>> In article >, Mark C.
>> wrote:
>>> It doesn't mean the price of gas will go down. It may go up slower
>>> though.
>>
>> There's more than enough oil in the world. The problem is artificially
>> created by constricting gasoline supply and oil that remains off the
>> market. Basically it's a market that runs on the hairy edge by design
>> so any burp in world events or weather or just plain neglect sends
>> prices higher. Why by design? Because that's how profits are maximized
>> and it's not like anyone else can just get in on the game with all the
>> regulations.
>
> a) The find is good, but it's a drop in the bucket compared to what
> America consumes.

As I heard it, it's about a 50% increase in US reserves.

> b) I agree that there's plenty of oil to go around for a long time, but
> it's getting more costly to locate, extract, and refine for consumer
> use.

All that matters is profitable. at anything north of US$40 a barrel and
there is glut of oil available.