High Gas Prices. No New Oil Refineries?
The mainstream media is mucking on about the lack of refineries and saying this is in large part the cause of gas prices. BUT, they make a serious mistake in allowing "experts" to get away with the explanation: "Of course with prices this high, oil companies would want more refineries to take advantage of the high prices." Bunk.Think about it. We KNOW we are at or close to, peak oil. If you know the supply coming down the road is absolutely going to decrease, would you spend millions to build a refinery? And the oil company executives know the end of oil is coming.
They know their time for raking it in is coming to an end. So, think about it, the logic is quite good.
2007-05-23 03:18:00
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