Wednesday, May 14, 2008

May 14, 2008



If there was any good news from today, it's that the oil prices are not infinite. I was surprised to be reading in the New York Times that refiners are finding it hard to pass on the their raw crude costs onto us (the consumer). It doesn't take a genius to figure out that the more expensive gasoline or diesel the more they won't sell. Unless they limit their supply, they just can't get around the rising crude inventories.

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