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I don't doubt you a bit. What you're saying is that the oil industry considered the possibility of investing in refining infrastructure and dimissed it because the importing of fuel to address demand does not hurt them. It hurts the consumer. With higher fuel prices. From the oil industry's perspective, what's wrong with higher fuel prices? Nothing at all.
And now that we see there is a refining crisis, my guess is that the gubmit will need to step in and foot the bill for the infrastructure investment the industry failed to make. A double-win for the industry. And.......that decision won't happen until the oil barons are out of the White House because as I say, there really isn't anything wrong with high fuel prices.......from their perspective. Here, "White House" and "oil industry" are synonyms.
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Man of Carbon Fiber (stronger than steel)
Mocha 1978 911SC. "Coco"
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