I wonder why we have a refinery blast everytime oil price drops. Seems like someone is blowing up those refinery and then get a profit from oil price hike.
I don't seem to remember any problems whatsoever with refineries when oil was $12-$25/bbl. It's simply "amazing" how much a little panic pricing can add to an oil companies bottom line. Wasn't it panic pricing the tactics that was used in the California "energy crisis"? /get tin foil hat ready...
lol!! oh my conspiracies gone wild!! we had refinery explosions. always had em, always probably will... its just that when gas was a buck... nobody cared
There are plenty of reports of various refinery accidents. Every single one I have read was due to total lack of maintenance, or lack of training, or lack of oversight. The web now allows very detailed reports from various agencies. My experience is that at the end of the conspiracy rainbow is a pot of incompetence.
I guess you are commenting that the energy markets are not manipulated. But your quote describes Enron perfectly. There is no doubt that they manipulated the energy market in California.
Nope. Did not say that. ALL markets are manipulated to the maximum extent possible to make as much money as possible by legal (or beyond legal means in many cases) by those that can manipulate. Just pointing out that it is easy to find out what actually happened in virtually all refinery disasters....and incompetence abounds, not market manipulation in this area.
Aye, the incompetence. It's more of a deal now, I would think, because supplies are pretty tight. Doesn't take much of a disruption to send prices up. They've gone up about $0.20 in the last 5 days here in CO. In my part of Denver petrol is about $3.05/gal. This time last year we were paying $2.40/gal.
