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Message: <blockquote data-quote="Allen" data-source="post: 340302" data-attributes="member: 389"><p>I'm going to hazard a guess that like pretty much everything else in life, this too shall pass.</p><p></p><p>Also, food for thought here.  But since most small to medium sized oil companies use hedges to secure funding for drilling, I'd guess that something around 50% of all oil produced in the U.S. is currently hedged for between $55-65.  So just think of what fuel prices will be if this lasts long enough to get future hedges into the $90+ range.  Bottom line is the refiners are making bank off of this!</p></blockquote><p></p>

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