View Single Post
  #19  
Old June 6th 07, 06:04 PM posted to rec.aviation.piloting
Matt Barrow[_4_]
external usenet poster
 
Posts: 1,119
Default Argument against high gas prices


wrote in message
ups.com...
If you follow this link:
http://tonto.eia.doe.gov/dnav/pet/hist/a103600001m.htm

You will see that the gas deliveries in Mar 2007 are lower than they
were in Mar 1984. This is despite the claims by oil companies that
they have been constantly expanding their refining capacity, and the
reason for the over $3.00 a gallon pricing is due to refining
capacity. Sorry, but I just don't see the demand being much higher
now than it was in the early 80's from this data!


How much was China and India buying 23 years ago?