Monday, December 4, 2006

It's not the Size of the Oil Barrel, It's What You Do With It

If you are interested in the price of oil on the domestic market, there are many things that you keep an eye on. Something that often slips through the reporting cracks is that the supply bottleneck is not in the number of wells or the number of barrels of crude moved around, but rather in refining capacity. It's nice to see the media point out the obvious way to control prices.

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