Well, of course the refinerys are gouging us. They increase their profit margins every day. Unfortunately there is no law against that. Although for something as important to our way of life, I think that time is long past. You always hear it is market competition, and that is healthy. There is no market. And anyone that believes that there still is, is either brain dead stupid, quite naive, or just plain lying (to themselves as well as others).
There is no real reason that oil should be $100/bl, when just a few years ago it was $30. I think that that is mostly the result of speculators on wall street. (you might say it is competition from China and India. But then, as you say, where are the shortages, anywhere ?)
Is there anyone in this country that is unaware that we are in fact at war with Saudi Arabia and the rest of opec ? Now that the real effects of the cost of oil are really making their way into the grocery store and elsewhere, does anybody really believe that it is not inflationary ?
And why are we paying $100/bl for oil from Alaska and Texas, and the Gulf Coast etc ? (I know you guys in Alaska dont like to hear that)
Thanks for letting me rant.
TRat