PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Patricia Trinchero who wrote (153597)	6/15/2001 8:41:19 AM
From: Scumbria	Read Replies (2) of 769670

Pat, More evidence about the real nature of the "energy crisis": Big Oil memos show profit strategy June 14 — The oil industry has partly blamed recent gasoline spikes on environmental rules that it says restrict refineries, but internal documents show that as long as five years ago some oil companies were looking for ways to cut refinery output to boost profits. “If the U.S. petroleum industry doesn’t reduce its refining capacity, it will never see any substantial increase in refinery margins,” says a 1995 Chevron document obtained by a U.S. senator and released Thursday. msnbc.com

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