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NPR-Marketplace:Refiners have gamed the system to hike gas prices

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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 02:50 PM
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NPR-Marketplace:Refiners have gamed the system to hike gas prices
OPEC to the rescue?
Today the oil cartel announced it's going to release 2 million more barrels of oil every day. And it's going to build badly needed refineries to crank out gasoline and heating fuel. Consumer advocate Jamie Court is not impressed.

http://marketplace.publicradio.org/shows/2005/09/20/PM200509207.html

The Avenger's summary: The reason that refineries have not been built for decades is because the refiners know they can game the futures and spot markets if supplies are tight. It's not the environmentalists. This is an audio commentary.
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DBoon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 02:52 PM
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1. Just like the California "energy crises"
That brought down a once popular Democratic governor.

See the film "The Smartest Guys in the Room"
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Double T Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 02:57 PM
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2. Energy, Health Care, Insurance, etc. markets have ALL been gamed......
to hike prices. How does it feel to be screwed by American industry and commerce??
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prole_for_peace Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-05 03:33 PM
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3. i am shocked and appalled...
shocked i tell you...
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