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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Alighieri who wrote (338491)5/24/2007 9:11:11 AM
From: Road Walker  Respond to of 1574267
 
re: Laughable...they have been limiting refinery capacity for years, and long before any calls for alternatives...this is a rare example of the failure of capitalism. The supply of crude oil is controlled by a cartel, and the refining capacity is tacitly no different.

Exactly. Investment as a percentage of oil company profits has gone down substantially. They could build more refining capacity, and we wouldn't be at $3.00+ per gallon right now. But what is their incentive?