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Let me pay for what I want »
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wdoa

join:2001-10-16
Spencer, MA
·Verizon Online DSL

reply to Ahrenl
Re: Cartels

said by Ahrenl See Profile :

Oil, ehh, maybe, I would say refining in America is, but that's because of the tough laws enacted at votes request, because NO ONE wants a refinery in their back yard. They definiely keep utilization rates down, repairs elongated, and expansions behind schedule to raise prices. But there are still lots of competitors in fuel sales, including foreign nationals, so they can only go so far..
NIMBYism or not, the oil companies have made it quite clear that they have no interest in increasing refinement capacity. As a matter of fact as Big Oil has consolidated they have systematically shutdown several refineries. It's basically legalized market manipulation.

Ahrenl

join:2004-10-26
North Andover, MA
They've shut down sites, but they continue to INCREASE overall refining capacity at super-sites. But yeah, this is the biggest area of manipulation in commodities.
Forums » The High Price Cable TV 'Cartel'Let me pay for what I want »


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