Oil production is a vastly expensive business. Oil companies have investors to satisfy and it is their fiduciary responsibility to maximize their investors' return on their investment. The cost of drilling has to be paid out of current capital which affects return on investment. It's quite simply a business decision.
The emotion associated with (and expressed on this Board) payments at the pump are just that - emotion. Why should an oil company choose to satisfy consumers rather than investors? I've asked time and again in my posts on this subject: what should be the price of a gallon of gasoline and how should it be calculated?
"Generosity. That was my first mistake." "Experience must be our only guide; reason may mislead us." "Instagram is Twitter for people who can't read."
