I am surprise that Utah is almost the same as with California prices. Utah does not import oil but use what is pumped from the shale internally. Now, I would call that greed. Nothing to do with the old 'supply and demand model'. I would be skeptical as a Bishop or SP in allowing them to participate in the temple. [humor]
Another speculation today...just love the amount excuses we can throw out to the masses. See people are so - missed informed on what is truly happening since demand has dropped since 2006 [US] and now sitting on a 8-year oil glut [check GOV annual records]. Even in Cali, the way to create artificial demand is pump less and make excuses. 2003 was at 12.0 Mil Barrels per day to now 1.2 Mil 2007 records revealed. Yet, we have another two big oil reserve finds in Kern County.
The price this morning bumped over 120.00 dollars. Sad part, it will effect everything else and in the end, will be their own end doing of a fine industry as a whole since now auto manufactures are now looking at Hybrids as a band-aid and going to plug-n-play electric vehicles for the future. Even, by passing Fuel cell technology since its still controlled by oil companies. Sad to think, in my lifetime, people rather gamble away their own future and the economy for money.
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