Kuwait says oil prices aren't so bad...

[ntdz]

Originally posted by: silent tone

Originally posted by: earthman
The construction of refineries in the US has been delayed/prevented/just not done in order to tighten the supply and drive up fuel prices. This has little or nothing to do with oil production/pricing from the middle east.

If I'm not mistaken, no US refineries have been built in about 30 years. That's a pretty long-running scheme. They may not be building more refineries because there won't be enough oil around long enough to recoup the cost. They've been scaling back exploration for new fields because they've lost their shirts on that the past few years.

The real reason they aren't being built is the red tape surrounding them. Same with nuclear reactors.

 

[The Linuxator]

Originally posted by: Aimster
kuwait actually offered the u.s 500million barrels of oil during katrina. They are nice to the U.S.

If you have a problem with gas prices then blame the gas companies. Look at exxonmobil's profits.

I second that.