Ingeniero De Gas

Oil and Gasoline Prices
Actual oil prices are unknown to most Americans. The only oil price reported by the media is the Wall Street speculators' guess of the price of oil six months in the future.A guess about the price of oil six months in the future should not be the basis of emotional and unreliable opinions given to the public about the rising prices of gasoline (not "gas," which isnatural gas). The American public deserves more.
The truth is that we do not know what the actual oil prices are. A few of us know that the price of U.S. crude oil is always cheaper than the price offoreign OPEC crude oil. Some of us know that because we have followed "World Crude Oil Prices" on the website of the Energy Information Administration (EIA) of the U.S. Department of Energy for years.On November 11, 2011 (probably while I was marching as a World War 2 veteran in the Veterans Day Parade), the EIA shut down the World Crude Oil Prices website. EIA did not even leave up thevaluable historic data on the website. The Obama administration has hidden actual oil prices from the public. That should be a scandal.
U.S. crude oil prices have always been lower than foreign OPEC crudeoil prices because of "posted prices," a concept unknown to Bill O'Reilly and the Democrats. Long before there was an oil commodities market on Wall Street, the definition of a "posted price" wasthat price which a buyer makes public to give notice that the buyer is prepared to pay a certain sum for a barrel of crude oil. In the past, U.S. refiners used to post at the gate of their plant theprice at which they were prepared to buy a barrel of crude oil on a given day. Today, posted prices of crude oil buyers are often found on the internet. Examples: Chevron, ExxonMobil. Posted pricesof a certain crude oil buyer tend to become permanent with oil producers since it can be extremely expensive for the oil producer to build a new gathering line from the producing field to a different...