On Mon, 22 Aug 2005 12:16:54 +0100, Pooh Bear
As well as limited supply. Not so much crude oil, but refined products such as gasoline and heating oil. For that we have to give our applause to liberals who crafted environmental review laws not so much to save the environment but to veto any new refinery from being built. They have been so successful that not one new refinery has been constructed in the USA for over a generation, and even if the laws were relaxed to the point where they serve their intend use (environmental review) and only their intended use, any new refinery would not go online for about a decade.
We also have, in the interest of protecting air, myriad formulations that have to be made and marketed to specific counties depending on their degree of "non-attainment" with respect to air quality, even though a lot of non-attainment is due to moving air mbuttes, and many drivers drive into - and out of - those counties. There should really be only two formulations for gas - for low and high albreastudes.
Normally a refinery company would invest their now mbuttive profits into increased production. But they legally cannot do so. So they put it in the bank. And liberals then have the audacity to decry that they are pocketing their new gains without reinvesting it!
