Why oil prices down: The Saudi plan agst Iran/Iraq

[good4u1]

Here is a possible explanation for the drop in oil prices now...ironic that they are going DOWN at the beginning of the peak season for oil demand...but there is a method to the Saudi madness...read why here...http://www.businessinsider.com/barton-biggs-saudi-arabia-bankrupt-iraq-iran-2012-5?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheMoneyGame+%28The+Money+Game%29&utm_content=Google+Reader

[Reverend R.G. Myers]

Oil prices may be going down but where I live gas prices continue to rise. We are paying $4.23 a gallon and up.

[good4u1]

Wowza! That is high...you must be in California or New York...or on one of the coasts...I feel your pain!

[Reverend R.G. Myers]

You are right on. I live in Washington state, twenty miles NE of Seattle.

[good4u1]

Which I don't understand why either coast must necessarily have higher gas prices than the Mid-West where I live...hmmmmm...maybe higher tax rate?????

[Reverend R.G. Myers]

Nope, they have shut down three refineries here in Washington. Other than that, we do have higher taxes here in the state. I use to love this state growing up. But now it has become a den of liberal iniquity and immorality. It is not the state that I once new as a child or young adult.