Okay this is kinda freaky....

[madmom]

I read an article in this mornings Toledo Blade about oil refiners cutting production in some states to counter slipping profit margins. I'm setting here with the article right in front of me, I went to the Blade website to get a link so I can post it here, nothing. Go to Reuters (their by-line) nothing,or no story found.Now I know it is there I'm looking at it, so what gives?

The story goes on to say that Valero Energy Corp., the largest fuel producer in the US said it's slowing output in it's Lima Ohio refinery, despite 10 quarters of record earnings.
Earlier BP PLC cut fuel production in Indiana by 10 to 15 % BP declined comment.

So when is it enough for these greedy SOBs?:grr:

[jsamuel]

1. don't listen to facts, just remeber the catch phrase "peak oil" and every

thing will be ok...

:sarcasm:

[rman]

11. Cutting production is a response to rising oil price

The question remains why the price of oil is rising.

Low supply and high demand do drive up price. The underlying cause of high price is low supply - that does not exactly exclude peak oil.

[acmavm]

2. That is strange. Maybe the news wasn't supposed to be out

there in the first place. Or they thought better of it and, oh forget it...

They're sneaky bastards who will stop at nothing 'til they've sucked every last one of us dry.

[swag]

3. Do you mean this?

http://yahoo.reuters.com/financeQuoteCompanyNewsArticle.jhtml?duid=mtfh76831_2006-01-31_21-08-18_n31401582_newsml

[xchrom]

9. cool -- well the news isn't cool --

oh you know what i mean -- thanks!

[wtbymark]

4. oh, it's never enough

and if the Blade pulled the story, I guess you could post it in full. Can't plagerize an article that "doesn't exist". you should post it and then send a link to the blade, and say they forfited their copyright.

[Sammy Pepys]

5. Makes sense...

oil refiners cutting production in some states to counter slipping profit margins.

If it's becoming more expensive for them to produce oil or they're selling less at current prices, they'll produce less of it.

Not saying it's a good thing...just that that's the way it is.

According to that Yahoo article, it's a relatively small amount anyway.

[madmom]

8. it doesn't matter how little the amount..they are making record

profits as it is.:banghead:

[Double T]

6. It will NEVER be enough for the BIG OIL greedy SOBs.........

but something is certainly up with the gasoline prices slowly climbing again. The American people are being SCREWED in plain site; criminals wearing button down collars and ties with $2000.00 suits are still criminals.

[philarq]

7. Here is part of the article---I found it fairly easily

NEW YORK, Jan 31 (Reuters) - Valero Energy Corp. on
Tuesday said it cut crude runs by 20,000 barrels per day at its
170,000 barrel per day refinery in Lima, Ohio, due to crude oil
costs but the gasoline yield remains about the same.
<p> "We have cut crude slightly at Lima because of the very
high cost of incremental sweet crude delivered to the refinery
relative to seasonal demand in the regional market. However,
because we are processing intermediate feedstocks from storage,
our gasoline yield is about the same," said Valero spokeswoman
Mary Rose Brown.
<p> Brown said the 20,000 bpd run cuts at Lima were less than 1
percent of the 3 million produced in the Valero refining
system.
<p> Valero acquired the refinery in 2005 with its purchase of
Premcor, which made it the nation's largest independent
refiner. Profit margins in the Midwest, which the refinery
serves, have fallen to the lowest levels since 1999, according
to analysts.
<p> Late Monday, Valero said it had not cut runs at any of its
refineries despite talk from traders, who said runs had been
cut at three Valero Texas refineries. Traders cited poor profit
margins on the processing of expensive light sweet crude oil.

[McCamy Taylor]

10. Remember W wants more exploration legislation. So cut refining.