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| Subject: For Bev and Mo... | |
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Author: Oropan |
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Date Posted: 13:49:07 04/11/07 Wed In reply to: Mo' Green 's message, "Insufficient refining capacity? That's cause the oil cos conspire to restrict it as their own memos show" on 11:48:52 04/11/07 Wed "While the Fed minutes were bad enough news for the market, they followed the government's report of a 5.5 million-barrel decline in the nation's gasoline inventories—four times what the market expected, and the ninth straight weekly drop. Gasoline futures rose more than 3 cents to $2.1552 a gallon on the New York Mercantile Exchange after the report, with traders concerned about supplies ahead of the peak driving season. The average U.S. retail price of a gallon of gasoline was $2.795 on Wednesday, according to AAA, up more than 25 cents from a month ago and 10 cents higher than a year ago." http://www.breitbart.com/article.php?id=D8OEIGMG2&show_article=1 > >href="http://www.oilwatchdog.org/articles/?storyId=4018 >&topicId=8055&topicId=8070">http://www.oilwatchdog.org/ >articles/?storyId=4018&topicId=8055&topicId=8070 > >Three internal memos from Mobil, Chevron, and Texaco >show different ways the oil giants closed down >refining capacity and drove independent refiners out >of business since the mid 1990s. The confidential >memos, made public by US Senator Ron Wyden, >demonstrate a nationwide effort by American Petroleum >Institute, the lobbying and research arm of the oil >industry, to encourage the major refiners to close >their refineries in the mid-1990s in order to raise >the price at the pump. Here's the original news >release. Memos themselves below. [ Next Thread | Previous Thread | Next Message | Previous Message ] |
| Subject | Author | Date |
| What's your point? | Mo' Green | 15:20:21 04/11/07 Wed |
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