OPEC melts down and oil drops 5%

[GeoFisher]

You know the last time oil was at $91.50 gas was in the $2.25 range.

So $0.05 drop would be bull dung. Should see a drop of around $1.75.

Problem is we have two major powers pitting us agianst one another. OPEC and Big OIL. One is as bad as the other.

Lately my concerns are that big oil is the biggest problem and they give us a convienent scapegoat that is forign oil.

Too easy for them to shift blame as long as we are looking at OPEC.

The good ole USA has invested and place all her eggs in the oil basket (Bucket). Rails have been disassembled trillions spent on oil using roads. Big oil has influenced every step of the way to insure our dependence on their product.

Big Oil are the ones that have empowered oil countries,and now they ask us to controll them.

So should the next country invade be Exxon/Mobile?

Not Quite:

I think back in December, 2010 the price of OIL was around 91/barrel......it certainly didn't drop to 2.75/gallon for gas. I think the average was 2.91, WITHOUT TAXES......

http://www.eia.gov/oil_gas/petroleum...s_history.html

And it should REALLY chap your ass that during that time, when oil was fluctuating between 87 - 92 dollars, for 2 or so months, gasoline actually went up. Of course refiners blamed this on spills and switch over.

Later,

Geo