Real Texas Freedom

Thursday, June 07, 2007

High Gas Prices

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One point not brought out about gas prices is the true cost of crude oil. Once producing, the cost of reading meters and moving the oil from the well is not worth calculating. The cost of crude makes no sense. Oil wells are like water wells except they aren't regularly replenished. Until it's used up, there is no excuse for projecting what's going to happen when it's gone. Crude oil should cost no more than water. Even during drought conditions, $60.00 a barrel is too much for water. So much for free enterprise and competition.


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