Bitter Cup of Joe

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Tuesday, May 08, 2007

High Price of Gas


I just read two articles about the high price of gas. In the one the rising cost of gas is blamed on a BP PLC plant in Whiting, Ind. that process more than 400,000 barrels of oil a day. It seems there are some "unexpected repairs" that will take several months to complete before the plant is fully operational (wow, that sounded sort of Star Trek geek-esque). It seems a bit odd to me that these unexpected repairs come right at the beginning of summer and are supposed to last several months (or the length of summer). HMMMM? Something fishy going on?
Before you start to think of me as a conspiracy theorist I wasn't the only one to think so. Sen. Charles Schumer of NY thought so too (especially after a ton of calls complaining about the prices) and is calling for a federal investigation into the oil refineries that make the gas.

"The looming question is, are they putting money into maintenance and keeping up refineries as they should?" Schumer asked. "Or are they happier with lower production and higher prices?"

You can read more here and here.




1 Comments:

At 9:56 PM, Blogger Gumby said...

Just look at Exxon-Mobil's last quarterly profits to see where their priorities are.

I laugh at them! Since I stopped tonight and got my 1.5 gallons of fuel I'll need for the rest of the week for my scooter.

 

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