re: Arkansas based Murphy Oil posts record 3Q loss: $1.6B

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It was fine at a 1.00

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It was actually fine at $3.00 according to consumers.....technically. The demand was not affected greatly at that price. It's over $4.00 before it actually affects the demand side of supply and demand. It's nicer on our wallets right now, but this is not the "real" price. Real price is set by where demand and supply come to an agreement. Supply is agreeing to sell at a really low price right now. But that is purely due to certain producers positioning themselves to gain more market share. After that, they will go back to raising prices. And they suppliers will not agree to sell this low, especially when they know the demand side will agree at $3+ per gallon. This will ultimately have a net positive affect for producers. Oil/Energy pricing is stupid, volatile, political, and almost always bad for the buyer in the end.