Word: opec
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...This time, it's not OPEC. At $28 per bbl., crude oil prices may be high. But America's current gasoline-supply problem is its own. No new refineries have been built in over two decades; indeed, the opposite has happened as refiners took excess capacity off the market. Inventories are nearing historic lows. Any disruption in the refining process or distribution system chokes gas supplies, driving prices...
...operating in six states, Green Mountain bets that Ohio, Texas and others will make up for lost California accounts. By autumn it expects to serve about 600,000 nationwide. That's pretty low wattage, but with OPEC threatening to hike oil prices again, the future is, well, brightening. This year, an additional 1,000 MW of green power will come online, thanks to a doubling of wind capacity. Green-energy believers such as Bingham and MacAusland will just have to pray the politicians won't screw it up again and will let the people have the right to pick their...
...Prices are going up, retail gas prices. Obviously, refineries and capacity issues are part of the problem. But OPEC is also part of the problem...
...PRESIDENT: Yes, I think the main problem on refined product is that we haven't built any refineries. And the bottleneck is really not enough refined product on the market - although OPEC pricing does matter. And I would strongly hope that OPEC does not hurt the huge market called The United States of America by running up the price of crude...
...have you - I guess OPEC has cut back on production again since you've come into office...