wrote in message
oups.com...

I didn't go anywhere... not at these prices! I'm not claiming its the
oil companies fault anyway, its really our EPA restrictions that
prevent new refineries from being built. Think that is going to
change?

Depends on whether people want to believe every excuse the oil industry
comes up with while it's making record profits by throttling the oil supply.

Do the math. There's a theoretical finite amount of petroleum. As an oil
baron, your job is to extract the maximum value out of every drop that you
can. Abundance reduces profit margin. All you have to do is keep the supply
limited an blame the war, Katrina, lack of refineries, unrest is the middle
east, speculation that oil prices will rise, EPA regulations, treehuggers,
"unexpected holiday shortages", whatever. If everybody had diamonds, they
wouldn't be worth a fortune.

Energy supply and rate manipulation worked for Enron, they just didn't do it
as smartly or with as much support.

-c