Posts tagged ‘Via Flowing Data’
I find it sort of hilarious that it is Conservatives that are demagoguing gas prices and Liberals who are trying to explain that they really are not that high. Yet another example of the Coke and Pepsi parties swapping political positions based on whose team is in the White House.
But I thought this graph was interesting, and supports a point I have made for years (Via Flowing Data)
I have worked in oil fields drilling miles below the surface and on offshore platforms in mile-deep water. I have seen the Alaska pipeline under construction and worked in a 400 thousand barrel a day refinery. And I can say with confidence that no other product on this list even is in the same order of magnitude as gasoline in terms of the capital investment, effort, and technology that does into delivering a gallon of gas. The ability to deliver gas for even $4.00 a gallon is almost unbelievable. Yet no other industry on this list or any other list gets 1/100th the grief oil companies do for being rapacious, greedy, and detrimental to society.