Quote:
Originally Posted by Slava
In any event I think that the oil industry is pulling the wool over our eyes in a number of ways. I still have no idea how they can never predict supply and demand correctly despite years and years of running their industry. I also have no idea why the "driving season" catches them off guard every year, and on a consistent basis. We know that people are going to drive more, yet every year the refining capacity is not enough...go figure.
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Part of the problem is refineries have to shut down for maintince and are unable to make gasoline. Then there's also the sinerio they were talking about on CNN where refineries cut back on gasoline production at this time of year to focus more of thier efforts on making heating oil. We need more refineries.