Topic: Oil, can I get a $60 dollars a barrel? (Read 1009 times)

Jack Morris · « **on:** July 05, 2005, 11:11:11 am »

http://biz.yahoo.com/ap/050705/oil_prices.html?.v=6

Maybe a spike top 65 a barrel? Upper 50's throughout July. You can thank as the article said "our aging refineries" for the spike at the pumps. What are they doing with all that money they raked in last year and this year? There is something called investing a portion of profits in "modernization and expansion."

OlBuzzard · « **Reply #1 on:** July 05, 2005, 11:37:19 am »

are we getting a kiss with this deal ?

I already KNOW the rest of the story !

Dracho · « **Reply #2 on:** July 05, 2005, 02:46:22 pm »

Nobody wants to build new refineries because of the EPA regulations. You can never shut the things down, or the location becomes a Superfund site.

OlBuzzard · « **Reply #3 on:** July 05, 2005, 03:00:32 pm »

Actually Jimmy Carter also signed some legislation that limited the refineries as well. I dont remember the details ... only that it was and still IS a major stumbeling block to future refinery developments and or related fuel by-product refineries.

Jack Morris · « **Reply #4 on:** July 05, 2005, 06:46:05 pm »

http://biz.yahoo.com/ap/050705/oil_prices.html?.v=13

Just plain old Punisher · « **Reply #5 on:** July 05, 2005, 07:32:16 pm »

Umm...maybe I should buy it by the barrel.

Jack Morris · « **Reply #6 on:** July 06, 2005, 10:03:24 am »

http://biz.yahoo.com/ap/050706/oil_prices.html?.v=12

OlBuzzard · « **Reply #7 on:** July 06, 2005, 12:01:53 pm »

I dunno about all this ...

seems like we either need to have a personal investment in OIL .. or be prepared to see if 8.9% is available on "fill-ups".

Jack Morris · « **Reply #8 on:** July 06, 2005, 02:35:51 pm »

http://biz.yahoo.com/ap/050706/wall_street.html?.v=17

61 a barrel...

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