In a message dated 2/6/2006 6:24:45 P.M. Mountain Standard Time,
Mostly this is because there is no chance of supply increasing
enough to reduce prices. The producers all sell as much as they can make.
Well, I tried to stay out of this so it would die, but the above statement
may not be correct as it applied to crude oil...in fact, it's obviously
incorrect for crude. OPEC restricts the number of barrels sold to influence
price every day, and even the wells in Texas start and stop in response to the
market price. The supply is artificially manipulated.
Is every refinery in the US working at capacity? How about those in other
countries. We import refined diesel, I don't know about gasoline.
Robert B. Houston
Texan in NM
73 Midget and others
John Bernard Books (The Shootist):
"I won't be wronged, I won't be insulted, and I won't be laid a hand on. I
don't do these things to other people and I expect the same from them."