Yep. We oilmen (ol'men is how we pronounce it) are out screwin' you, the 'Merican public, again. I wrote a previous post where I outlined our diabolical plot to keep o'l prices low for two decades in a plan to be able to raise prices to what they were on a real basis twenty four years later. Real stealth stuff.
Our plan now? Creating climate problems so that we have to shut down our refineries... you know, flooding in Kansas, lightning strikes and such on the Gulf Coast, and probably our greatest accomplishment, Katrina. Why? Just so the price of gasoline can go up 10-20% for the short haul. Never mind the cost to reconfigure our refineries, to fix the damage, and cutting our domestic output, you know that stuff we sell, by 20%. Lessee, we are down over 1 million barrels of oil per day, or 1/6th our domestic production, and the price in the short term is up 1/5th! All for 1/3oth of a percentage arbitrage, minus the costs to reconfigure. Dang, we are smart ol' boys when it comes to screwin' consumers, ain't we?
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