http://www.washingtonpost.com/opinions/the-fallacy-of-oil-speculation/2012/05/02/gIQAk7bkwT_story.html?wprss=rss_todays-opeds
What's "under-reported" is the effect of refinery closings on the price of gasoline in the US.There's plenty of oil but demand is down since 2008 and oil and gas companies are shutting down refineries claiming they can't make money.Not enough refineries to produce gas for US consumers = high gas prices = pointing fingers at the wrong people.
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http://www.washingtonpost.com/opinions/the-fallacy-of-oil-speculation/2012/05/02/gIQAk7bkwT_story.html?wprss=rss_todays-opeds
What's "under-reported" is the effect of refinery closings on the price of gasoline in the US.
There's plenty of oil but demand is down since 2008 and oil and gas companies are shutting down refineries claiming they can't make money.
Not enough refineries to produce gas for US consumers = high gas prices = pointing fingers at the wrong people.
Post a Comment