Thursday, September 14, 2006

It's the refineries, stupid

THE world has an abundant supply of oil, and high petrol
prices are just the reality of a globally traded commodity, ExxonMobil Australia chairman Mark Nolan said today.

Here's what was missing from that report:

refining capacity
Distractions are us.

Here's a good discussion of the reasons.

Why does almost everyone avoid bringing this
up?

Read.