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Posted by Franz on Friday, August 01, 2008 at 03:05:28 :
In Reply to: Why Diesel prices are where they are posted by Norcal Dave on Thursday, July 31, 2008 at 15:34:17 :
Some doubletalking government fiction writer sure worked overtime on that piece.
The number 1 reason distilate prices, Diesel & HHO are so high is that distilate is a speculatable commodity.
Second is the damn government forcing ULSD onto the marketplace.
Propane is essentially a leftover product from refining, and demand for propane is fairly level, yet the price of propane has spiked this year. Oh gee, propane is a speculatable commodity too.
The wonderful people in Congress are sure helping out all they can too, after all they don't want the public to know about PET 4 or Bakken oil deposits, because their wives are all heavily invested in Natural Gas. They've even done a fantastic job of pissing Americans off at the Arab oil producers. Of course they don't tell anybody the US only imports 17% of crude from Arabs.
Hey lets piss on ExxonMobil too. They made a huge profit. Never mind that EM's profit expressed as a percentage is below that of similar sized corporations in other industrys.