Wednesday, July 16, 2008


Want to know why the prices on various oil-derived products keep going up?

It isn't just the price of crude.

It's the fact that the U.S. hasn't built a new oil refinery in 30+ years. That means that no matter how much oil we import, it can only be converted to gasoline, diesel, fuel oil, and such so fast.

And why haven't we built a refinery for so long? Take a wild guess.

Anybody want to take bets that these folks are bitching just as hard as anyone else about high fuel prices when reporters aren't around?

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