Tuesday, October 23, 2012
Tuesday, October 23, 2012 3 comments
Today's 'energy is expensive' (be glad we let you have any) talking point is that despite the mushrooming supply of domestic energy, you should expect the price to remain high (read that go even higher). Why? Because refining capacity has not kept pace with the increased supply. What Bull Shit. The major oil companies have been expanding refineries while buying out smaller refineries and closing them. In fact we export 30% of the refined product from US facilities. It's our biggest manufactured export. Gasoline is a waste product of refining, it should be cheap. All though the price increases during the Bush Adm. that they said were happening because of 'shortages', we were exporting gasoline. You're a bunch of suckers.