North America to Drown in Oil as Mexico Ends Monopoly
http://money.msn.com/business-news/article.aspx?feed=BLOOM&date=20131216&id=17195903
Forum Discussion
MEXICOWANDERER wrote:
You folks that believe crude oil abundance will cause a price slash are dreaming.
Can you imagine what a 50% reduction in 8.75% sales tax on gasoline would do to California's fiscal budget? HAR HAR HAR
A "problem" in a light oil processing unit can serve to reduce gasoline and diesel output by 50%. If you don't believe oil companies do not hold "meetings" to discuss supply and demand amongst themselves then I feel sorry for you.
Refiners REGULARLY hold meetings under the guise of "Coordinating Maintenance Turnaround Shutdowns".
Excess oil? Japan and China wait with yawning tanks...
If you have first hand information of price fixing in any U.S. industry you should report it to the Department of Justice. Oh, wait a minute, better check the corruption list for DOJ officials first.
