| re: Paying too much for petrol? | |
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Posted by: |
John_Galt (g_brandon_martin@ureach.com) 04:59 am UTC 06/16/08 |
| In reply to: | re: Paying too much for petrol? - Pudding 07:50 pm UTC 06/15/08 |
| I agree with Keljeck, of course. I'll also add that in the United States the increasing price of gasoline is the result not only of the price of crude, but also the increasing cost of the use of domestic refineries. Refinery capacity is low because it is too difficult if not impossible given the regulatory nightmare to build a new refinery or expansion of a refinery. The Carter/Obama approach only compounds this problem. Regular people all over the world who have pensions who've invested in oil companies should be glad that they are doing well. To the extent that profits are translated into research into new oil reserves and alternative energy, we'll all benefit. If gas reaches the high prices we see in London here in the US, I think we'll see some real innovation in terms of alternative energy, which could be a good thing. Basically, I've seen enough suffering as a result of corporate losses that I easily prefer to see profits these days... -=John Galt=- > > The reason gas companies are making so many Benjamins is because of limited supply. > > But there isn't a limited supply at all. > > The price of a barrel of oil isn't rising due to a > shortage, but rising due to speculators investing in oil > which is driving the prices up. The oil companies could > quite easily lower prices from their vast profits, which > would get rid of the speculators and therefor reduce the > price of petrol long term. | |
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