right, and that logic would make sense if you were a three year old with down syndrome, but unfortunately, we're adults, and thus have to actually know what we're talking about to be taken seriously.
For one, the reason the refining capacity is low is due to the fact that refining oil at one point became unprofitable, and so no one wanted to enter the market. And considering we're discussing an oligopoly, it is nearly impossible to enter the market as a new comer.
So yeah, you don't know what you're talking about there...
Then about my comment about OPEC being off the mark, maybe it's off the three year old with down syndrome mark, but when it comes to actual FACTS it's right on. Cartels are illegal, it's as simple as that, but of course we need the oil, so whatever. And recently they cut supply, because considering the inelasticity of the oil demand curve, it is actually profitable to cut supply, because although they're selling less, their making more money while selling fewer barrels, due to the increased price.
So yeah, once again, next time you have a thought, just let it go....
If you knew who you were talking to, you would know that I am not a liberal stereotype, and I would prefer if these ridiculous jumbles of words you throw out would acknowledge that. I am actually fiscally conservative. The reasons the oil companies are the bad guys is because they aren't just trying to sell oil, they are trying to buy our government. They are given billions of dollars in tax cuts when they are posting record profits, there are American troops around nearly every major source of oil, and if you notice, most of our conflicts end up being around oil producing countries, you can call that a coincidence if you please, but it'd be a hell of a coincidence.
So yeah, please try to know what you're talking about before you try to rebut what I say.
