chipmonk

interesting.......

ChrisLib

X2





needmorewordstopost

xzaq103

X3

Revelations?

chipmonk

yup, but this could definitely fall into the 'conspiracy theory' category. the fall of enron (with the 'enron loophole' still open), oil companies intentionally keeping lower crude supplies on hand (for 'efficiency reasons'), oil companies buying, then closing refineries (internal document says "controlling supply is the only way huge profits will be seen in the industry"), introduction of ULSD, several pipeline shut downs due to lack of maintenance immediately after Katrina and Rita (just as prices were supposed to drop back down), selling massive amounts of diesel overseas (approx. 500,000 barrels/day), while using low supplies as a reason for high domestic diesel prices, are just some of the 'coincidences' that led to higher domestic prices. a thing to remember is that the investment banks and speculators didn't create this mess- they just recognized what was going on and are trying to milk it for all that it's worth. if they had the ability to manufacture record high oil prices on their own, they would have done it when oil was $10/barrel, as the money they made would be even more astronomical.

DBLR

chipmonk,

I think you may be right on the money with your post.