by Dreams End » Wed Sep 21, 2005 10:55 am
Some of us think that "Peak Oil" could be a scam by the oil companies. Here's some information about how they've been caught reducing refinery capacity in order to boost prices, just to give you a taste of why they might pull a scam like Peak Oil. Notice that one of the guilty parties is Chevron, that has a whole website about dwindling oil supplies which they put up right after they bought out Unocal. <br><br><!--EZCODE QUOTE START--><blockquote><strong><em>Quote:</em></strong><hr>Internal Memos Show Oil Companies Intentionally Limited Refining Capacity To Drive Up Gasoline Prices<br><br>Santa Monica, CA -- The Foundation for Taxpayer and Consumer Rights (FTCR) today exposed internal oil company memos that show how the industry intentionally reduced domestic refining capacity to drive up profits. The exposure comes in the wake of Hurricane Katrina as the oil industry blames environmental regulation for limiting number of U.S. refineries. <br><!--EZCODE AUTOLINK START--><a href="http://www.consumerwatchdog.org/energy/pr/?postId=5110&pageTitle=Internal%20Memos%20Show%20Oil%20Companies%20Intentionally%20Limited%20Refining%20Capacity%20To%20Drive%20Up%20Gasoline%20Prices">www.consumerwatchdog.org/...e%20Prices</a><!--EZCODE AUTOLINK END--><br><br><hr></blockquote><!--EZCODE QUOTE END--><br><br>I got this from the Post Carbon institute, per Wintler's recommendation. I'll look more closely at the Post Carbon website when I have more time. <br><br>Edit: didn't mean to start a new thread with this...sorry. Meant to add to another thread. <p></p><i>Edited by: <A HREF=http://p216.ezboard.com/brigorousintuition.showUserPublicProfile?gid=dreamsend@rigorousintuition>Dreams End</A> at: 9/21/05 8:56 am<br></i>