Originally Posted by Greger
Quote
Demand for gasoline was CRUSHED.

And oil companies lost f*ck tons of money, along with lots of other industries.

Now, everybody is trying to make up for those lost profits when demand for many things was crushed.

Demand is now outstripping supply and that invariably comes with rising prices.

Nobody is arguing that they lost a lot of money.
But then again back in 2010 they also lost a ton of money because speculators failed to pay attention to whatever tradewinds
should have warned them to back off on their floating investment barges filled with Brent and NTI crudes.

So the oil companies AND their speculators both lost big.
And yet somehow I am having a tough time winding up the world's tiniest violin, because an oil company is nevertheless a license to print money and worrying about an oil company having to mortgage their Moms down the river because times izz tough and we need a new prezzy-dint (one who ain't no mope) just doesn't sound very convincing to me.

Up like a rocket, down like a feather, that's the way it works with fuel prices. Always has.
What irks me is that legions of twits are more than happy to just shrug nonchalantly and mutter about how "the folks has always blamed thuh prezzy-dint when gas goes through the roof and there tain't nuthin you can do about that."

Getting back to my original point: Of course gas was cheap, but it wasn't because some magical politician decreed it thus.

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