| The state of California is basically independant from Arab oil because we pump our own, nearly all the oil used in California came from our own oil pumps.
During the 1980s just before the Reagan "deregulation" idea we had over 80 companies that refined oil into gas (here in Calif.) - today we have less then 15 such companies and so we have less supply - and greater demand - and skyrocketing prices.
We need re-regulation returned to our state, we need to Recall Reagan's Deregulation policy.
Here is some more interesting oil news.
As you know the cost of oil went up to it's highest peak this past year, never before in our history did oil cost as much then it has during the Bush-in-office era. And so guess what President Bush did? Right at the moment oil was at it's highest peaking (cost to the consumers) and right when the oil companies were making their highest profits, Bush orders oil, enough to fill all our "emergency reserves" to the max. (with our tax money - going right into the hands of the oil industry as Tricky Dick #2 smiles). He did not wait til the oil prices drop back down during the winter, or whatever, no - they ordered it all at a time when the rates are highest they have ever been in history.
America - you just got ripped off, you pockets were picked, what a scam.
Technosoul. |