Quote:
Originally Posted by Tiramisu
Right - no shortage of crude - just not enough US refineries.
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Well where did the refineries go???? I know the ones in my sales terrority are still there. Haven't heard about any exploding recently around the country. The ones that did a while back have had plenty of time to rebuild. I don't buy that excuse either.
There were several projects recently to increase production capacity and to clean up the diesel to reduce emmissions. These projects cost money, but not enought to cause the prices to increase anywhere near the levels they are now.
Maybe the oil tycoons are getting while the getting's good and are afraid of what changes may happen as a result of the Nov. election. I don't understand the economics of it all, but really do feel that we are being taken advantage of. And our government is still subsidizing the oil industry, go figure.
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Marilyn If anyone would like a free Bible Study CD or book entitled "Searching for Truth", PM me with your mailing address and I'll send you one. "And you shall know the truth and the truth shall set you free." John 8:32