Thursday, May 22, 2008

High Pump-Price Fairy Tales

High Pump-Price Fairy Tales: "The reason that no new facilities have been built is partly because it costs far less to expand production capacity at existing plants than it does to expand capacity by building new plants. And because existing refineries are ideally situated near oil terminals and pipelines, it's more convenient to increase capacity in those locations than to do so elsewhere."

If Big Oil continues to make statements that are easily proven as lies, things are gonna get worse for everyone.

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