Oil Refineries Shutting Down Despite High Gas Prices

[crossfire]

Angry About High Gas Prices? Blame Shuttered Oil Refineries
The U.S. has lost nearly 5 percent of its refining capacity in the past three months, as a handful of old refineries have shut down.

The average price of gas is up more than 10 percent since the start of the year, a point repeatedly made during Wednesday’s Republican Presidential debate.

Comments

[sesmo]

We really shouldn't talk about gas prices without the accompanying diagram about gas prices currently being controlled by speculators, a significant portion of whom have political view points. You want to guess what their view points look like?

http://thinkprogress.org/economy/2011/04/13/153206/koch-industries-price-gouging/?mobile=nc

[masakochan]

I just got done telling my parents about this article, and all I got was "Oh you~ you're so misinformed. The Koch Industry people aren't the bad guys here."

[awfulbliss]

The author of this article has absolutely no idea how futures markets work and major lols at the idea that the Koch brothers could influence the price of gasoline by 20-40 cents.

[sesmo]

Do tell. *Citation Needed*

P.S. It appears that regulatory agencies also believe that there is a real problem with oil speculation. http://www.mcclatchydc.com/2012/02/27/140158/federal-judge-weighs-whether-to.html

[layweed]

In before Republicans complaining that the refusal of the Obama Administration to grant the Keystone pipeline was one of the big reasons.

[maladaptive]

But but drill baby drill! Shouldn't that solve all our problems?

[tabaqui]

Rarrrr. Hearing about the President 'not lowering gas prices' is like hearing about Congress not shoveling my driveway. Guess what - THEY DON'T DO THAT.

But it's a dearly-held right-wing talking point because omg, black-muslim-hater in the WH is trying to ruin AMURICA!!!

[tabaqui]

Your source link is 'page not found'.

[crossfire]

Fixed!