Why was the price of gas here 15cents for a long time? one thing was simply we were (as venzuela is) consuming our own oil.when demand outstrips supply is when prices goes up. iraqs gas as i recall was ten cents before the war.lots of places gas is 25cents.the difference is they have a abundance of oil,per capita.venzuela does sell oil on the world market.but it also has a low consumption rate,can produce all of its own gas out of its own oil before exports.since the late seventies the us doesnt have either the oil production OR the oil refining capabilities to do so.there hasnt been a new refinery built in the US since the seventies. last year something like five of them shut down for good. do you HONESTLY believe its cheaper for us to export our oil,have it refined and shipped back,than we could do it all here with no added shipping costs? oil companies arent quite that ignorant. if there was one dollar a barrel more profit to be made, that would add up to 7.6 BILLION dollars a year in savings alone at todays usage rates. not bad pocket change for any company,but for some reason no one is throwing up refineries here. why? simple, most companies build their plants where their raw materials are,not where the completed product is. they simply dont think theres enough oil left to make it profitable.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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