Big story...if true
posted by Matt Friedeman at
4:40 PM
Friday, March 28, 2008
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6 Comments:
Wrong! There is a fundamental aspect to the entire thing that is being overlooked. Oil companies are not obligated to sell oil to a particular country. They sell it where there is the most demand for it, meaning the best price. Part of the problem with gas prices now is not the lack of oil, but the lack of refineries. Oil companies have intentionally closed a great number and refused to build new refineries to keep the prices up.
Wrong!
Regulations (read environmentalists)and special formulation requirements have kept oil companies from building new refineries.
exactly.
annonymous,
Do some fact checking. Oil companies closed alot of their refineries. You would like to think it is just about regulation, but it is not that simple. Everything can not be blamed on the government and liberals.
I think it would much more accurate to say that all things cannot be blamed on "BIG" oil, tobacco, etc. and especially that they CANNOT be fixed by a big government.
Annonymous,
It may be a hard pill to swallow, but "Big Oil" wants to make record profits and does not want to spend any building new refineries or upgrading old ones. Take away the accountability and where do you think that would leave us? Which of these big industries has shown that they will do the right thing without regulation? Oil companies are making record profits. If you think that is not their major concern, you are mistaken. We have had 8 years of various industries policing themselves and you see where it has us. When greed enters and equation, the consumer usually pays for it.
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