The Bush Regime is not and cannot get away with spewing any more Bullsh!t.
You should also stop getting your news only from the disinformation source of Fox Fake News too.
I don't know where you get you gas in California but I find it hard to believe prices have frozen anywhere over there when the price continues to rise everyday over here east of you. Went up another 10 cents here, to averaging $2.30 for regular here.
8-4-2005 Oil leaps on refinery woes and hurricane fears
LONDON - Oil prices leapt a dollar on Thursday as fears ran high about the risk of supply disruption and a severely overstretched global refining system.
Brent futures gained 95 cents to $60.60.
"The oil system, both upstream and downstream, is being run close to sustainable limits and the tensions created by the absence of slack are now the key driver of prices," Barclays Capital said in a note.
Adding to the impact of a spate of refinery outages in the United States, trade sources said on Thursday that ExxonMobil had delayed the restart of its 245,000 barrels per day refinery in Joliet, Illinois.
One source said the delay could be as much as 10 days.
The Organization of the Petroleum Exporting Countries, which is pumping at the highest level for 26 years, has repeatedly blamed lack of refining capacity rather than a shortage of overall crude on current price strength.
Most OPEC members are already pumping at full tilt
Geopolitical risks were also at the forefront of traders' minds. The death of Saudi Arabia's King Fahd earlier this week, together with news Iran's new president was pressing ahead with the country's nuclear program, has raised fears about possible instability and disruption of Middle Eastern oil supplies.
Analysts were worried already stretched supplies could be threatened further by an unusually active Atlantic hurricane season.
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Looks to me that these "traders" and "Analysts" now dictate and control the world.
I'm sure they are employed by Haliburton and the Oil and Gas Barons so it is a conflict of interest as well.