View Single Post
  #105   Report Post  
FDR
 
Posts: n/a
Default


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

The problem is tha there's a concentration of refineries without
substantial
redundancy. But anyway, they still make money from jacking up the price.


A. So they're supposed to have excess capacity just scattered around
waiting, too?


We've been told over and over about how refiberies are working at their near
maximum. Why haven't they built anymore? Maybe because they are greedy.


B. As noted ad nauseum, oil and gasoline prices are set on open
commodity markets.


Uhm, who do you think sells the contracts for the gas? Refineries. And
they sure as hell have market hedges in place, as well as insurance. You
think they are dumb????? They are making money no matter what. Well, that
would sure answer why they don't invest any capital into adding refinement
capability.

But if you think these refineries are losing money, maybe you can start a
collection for them. I'm sure they would take your charity, sucker.