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Why is a Barrel of Oil so expensive?

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Old Aug 20, 2005 | 04:15 PM
  #31  
xloptuny's Avatar
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Joined: Jul 2005
Posts: 18
From: Harrisonburg, Virginia
Default Re: Why is a Barrel of Oil so expensive?

Originally Posted by texashchman
Question, if there is or was a shortage of oil for production why don't we have gas lines or stations shut down. I haven't sen one yet and there is always plenty of gas. This whole thing of high prices smells bad! I'm thinking windfall profits tax again!That won't happen with Bush in office!
Because we're depleting our stockpiles to keep up
http://tonto.eia.doe.gov/oog/info/tw..._gasoline.html

US Gasoline Stocks (Million Barrels)
07/01/05 - 215.3
07/08/05 - 212.6
07/15/05 - 211.3
07/22/05 - 209.2
07/29/05 - 205.2
08/05/05 - 203.1
08/12/05 - 198.1

1 year ago
-------------
08/13/04 - 205.7
 
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