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Quote by: gr8fuldaniel .
The primary problem is there is no competition. We now have only 4 Oil corporations in virtual monopoly. There were 20 oil companies not so long ago, now the cabal has been closing refineries down to lower production. they are cornering the market There is no shortage of crude, only an artificial funneling of product. And the more worldwide reserves that are secured, coupled with a government junta rolling back fuel consumption (and environmental) standards in the automotive industry and a failure to promote viable alternatives.....Its just plain criminal. |
gr8fuldaniel](brien) fair comment. Though for info the crudes available are often the "wrong" grades. The heavier and more polluted crudes are mixed with lighter sweeter grades. Primarily this is to avoid high environmental tarrifs and reduce the effect heavier crudes have on equipment. The industry has waited for the market/government to enourage investment in being better able to refine more of the heavier ends (There are less sweet crudes available).
brien corrected as you rightly pointed out :)