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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 84.82+3.0%Feb 6 9:30 AM EST
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To: Elroy who wrote (68051)6/16/2005 9:59:39 AM
From: RetiredNow  Read Replies (3) of 77400
 
My own view is that prices are high because refining capacity is tapped out. I've read several papers that claim that this is the real root cause. I'm not an oil expert, but it does seem to me to be the case, since OPEC's increasing supply quotas has no impact on the oil price.
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