From: Ryan Gill (rmgill@mindspring.com)
Date: Wed Aug 24 2005 - 20:01:30 PDT
At 6:21 PM -0700 8/24/05, Joe Garrett wrote:
>The only problem with this analysis is that higher prices drive MORE
>production. If I can get $3 a gallon for gasoline, I am going to produce as
>much as I possibly can, because the more I sell, the more money I make.
Gas production since 1974 hasn't even gone up
50%. It's risen from 6.3 million barrels a day to
8.7 million barrels a day. From 1974 to today.
There's been one new refinery built and that was
just started this past spring in Utah. It's quite
difficult to build a new refinery because of the
pollution they tend to cause.
Even the environmentalist talk about it.
http://www.corpwatch.org/article.php?id=12227
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Ryan Gill rmgill@SPAMmindspring.com
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'60 Daimler Ferret '42 Daimler Dingo '42 Humber MkIV (1/3)
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