|
Consumption is down in the U.S. Oil imports into the U.S. are down. OPEC hasn't cut production yet. And yet, gasoline prices have been going up for the last 6 months, longer even. The Saudi's say it's a lack of U.S. refining ability.
I see another Enron scam. There is no justification for the price increase. Ususally, I see no justification for price increases most of the time as it is. An accident in a refinery cuts production. The fuel to be refined would not get to market for months anyway, and yet, prices of gas increase immediatly.
Oil company profits are at record highs. So, who is manipulating prices?
__________________
People Are Stupid. People can be made to believe any lie, either
because they want it to be true or because they fear that it is.
|