http://www.nytimes.com/2007/07/22/business/22refine.html?_r=1&hp&oref=slogin

I thought it was the shrinking dollar's fault?

http://www.nytimes.com/2007/07/22/business/22refine.html?_r=1&hp&oref=slogin

I thought it was the shrinking dollar's fault?

No, the "shrinking dollar" is just the favorite target of all the doom & gloom-sayers. That and the anti-American crowd. The supply of crude and the bottleneck of refinery capacity have been LONG known to be the major problems (along with the constant increase in demand, of course).

Nothing new in that article.

If you owned Exxon-Mobil, would you spend gazillions of dollars to build new refineries in today's market with the outlook of energy conservation, etc?

Baron Max