Do a bit of history search and you'll discover that a few years ago Chevron told it's stockholders that they were purposely NOT increasing refinery capacity so as to keep prices where they wanted them. Further, the OC's have over 10,000 'unexplored' existing leases (onshore and on) that are purposely being held 'offline'. When you have a captive audience and can still profit from 'imported' (from their own international fields) oil, why spend the extra to pay 'local' fees?
Sounds kinda like they (our own petroleum moguls) have us over a barrel. Oil that is.
David Now accepting new patients Premium,VIP join:2002-05-30 Granite City, IL kudos:70
Wasn't there a PIC once that showed the FBI in a boat holding up a fish labled "stewart" on it and all the bigger fish below the boat labled "enron" and "tyco" were swimming below.
·