If Congress does not address the exports problem, company simply will pocket tax breaks. Any actual increase in production occurring in the U.S. will likely to find its way out of the county and prices will continue to climb.
More Quotes from Tim Hamilton:
People are continuing to drive consumption has not gone down much.Tim Hamilton
The continued failure of California officials to compel refiners to create more refining capacity and increase inventories will result in gasoline prices rising to 4 per gallon relatively soon, ... The system is rigged for price spikes and the refiners know it.
Tim Hamilton
While oil companies continue to blame crude oil prices and ethanol additives for the recent gasoline price spikes in California, the chief cause is increased profiteering by oil companies that have previously posted world record profits.
Tim Hamilton
In 1974, people either paid by cash or a revolving credit card where the balances were paid off every month.
Tim Hamilton
The price increase started clear back in April. These increases were long under way.
Tim Hamilton
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