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Originally Posted by TwitchKitty
Exactly what is wanted is for you to blame other people. The truth is that the price is based on what the market will bear and not on the costs of production. That $50 shirt made in china, same story.
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And part of it is directly related to the fact we havent built one new refinery to keep up with demand in 25 years. The existing refineries are running at near capacity normally.
That simple fact can be directly blamed on the enviromentalist lobby who have blocked new construction.
The, fact we aren't drilling and pumping more of our own than we are also, same group.
True unless they went full bore with coal gassification etc we wouldn't not be independent of the loons in the middle east, etc. But we would be LESS dependent.
These factors DO effect the market which is why prices are so high, I agree.