Old_Norm
Well-Known Member
- Joined
- Jan 14, 2023
- Threads
- 58
- Messages
- 869
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- Location
- Columbus Ohio
- Vehicles
- 2023 MME Select EAWD, 2023 Maverick Lariat LUX
- Occupation
- Retired
I never said if gas demand goes down it will make it drilling for oil cheaper. Where did you get that? I said there would be more crude oil available for other products. You went on the drilling tangent. It is pretty obvious why you aren't going to cite sources. I provided factual information that less driving means cheaper gas and you come back with, Yeah, but. Tiresome.That isn’t what I’ve said nor what I’m saying at all.
And no, I didn’t say that people didn’t cut back on driving when gas prices rise. (They did, a little).
My point on that subject was that people cutting back when gas prices rise doesn’t make gas prices automatically fall.
It was on the list of points as to why gas and oil don’t follow normal supply/demand rules.
These aren’t just opinions, these should be well known facts at this point.
And no, I’m not going to spend hours citing sources. You could spend years studying the oil market and still learn something new every day.
I’ve explained what I meant, explained as simply as I can that if gas demand goes down, that it WILL NOT make it cheaper to drill for oil.
If you disagree with that last sentence, we will have to just agree to disagree. Feel free to research the why behind it if you are still curious.
So answer me this and we can retire from the field. If refineries produce less gasoline as an end product will there be more crude oil available for other crude oil by byproducts?
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