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Originally Posted by LIforrelaxin
Refining Capacity being lower the current demand has been the oil companies defense for a long time.... I still don't believe it. I will agree that at peak usuage point this is true, However there are several points during the year where there is low demand, and instead of the refineries keeping the production up they cut back, this is unneccesary and the reason, that they claim that there are shortages.... sure we do need more refinary development to help out with production so that the current refineriess aren't always at 100 production, but we also need the unfair practices of the oil and refining companies to stop.... The industry as a hole has to much control and as long as they colaborate with each other have a Monopoly....
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You can believe what you want.Maybe the conspiracy theory,yea that's it.They're out to get us!Simple economics,supply and demand.Am I happy about it? No but we still have the cheapest gas in the whole western world.