"Duane Bozarth" wrote in message
...
wrote:

Duane Bozarth wrote:
That's the same logic that's having us pay $3 for a gallon of gas,
while oil companies rack up unprecedented and obscenely huge
profits.

If you will provide a 20% increase in US refining capacity tomorrow
you'll see the markets drop overnight as well.

Lack of refining capacity might make the price of gasoline go up,
but it would make the price of crude oil go down (lower the demand
for crude oil, and the oil-producers won't be able to demand such
high prices anymore). Since the price of oil has been going up as
well, the only logical conclusion is that not enough crude oil is
being produced.

Actually, that's the problem as the Saudi Oil Minister pointed
out...producing more oil won't help the US because we couldn't process
it any faster even if they did...


Sad fact is that the price of oil is decided by a few people in some offices
and has very little to do with supply and demand.

My best guess is they throw a dart and where it lands is the price of oil
this week. LOL

The Bush family IS in oil, and with no chance to be re-elected after a
second term anyway, guess who's going to make sure he has a nice "retirement
package" set up after the next election.
So don't hold your breath that the "powers that be" will do anything other
than provide lip service.

At best,....as winter approaches they "may" subsidize heating oil and
natural gas, to keep people from rioting in the streets to stay warm.


AMUN