Re: congress/oil compaines/crude/record profits

Posted by Steve KS on March 17, 2006 at 07:57:56 from (198.248.192.39):

In Reply to: Re: congress/oil compaines/crude/record profits posted by VADAVE on March 16, 2006 at 16:01:21:

I think we're on the same page here Dave, just looking at it from different angles. I was basing the argument off of the position that the oil companies were producing the oil, not buying it. But you're right, I'm sure they do buy some, and I'm sure have contracts for what they buy.

As to supply, why do you think the refineries were shut down? Many were shut down due to governement regulations - don't you think they would be producing if they could? If you were selling wheat and the price was twice what is is now, wouldn't you want to plant/grow/sell all you could?

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