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Old August 24th 05, 10:34 PM
Jay Honeck
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It's not crude price increases which are causing the increase in oil
industry profits lately. It's world demand for refined product (we have
to import actual gasoline now, too), and limited refinery capacity in
this country -- a supply-demand problem. The gov't could easily cause
refineries to be built with changes in environmental regulations, so the
cause of the "windfall profits" is essentially -- our gov't!


Well said.

We are dangerously low on refinery capacity, and current EPA regulations
make it essentially impossible to build any more in the U.S.

It's insane, but it's the law.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"