E-MAIL THIS LINK
To: 

Oil Industry Scales Back Refinery Plans
AoS note: do NOT use blockquote for your comments, use hilite. I don't have time to fix all these, and I'll just have to dump them.
Somehow Lurid Crimes tales seemed appropriate. I am surprised Al Gore hasn't ruled in on this yet. He is chatting a with a beautiful brunette about Global Warming in the U.K. Al Gore - man with a mission
WASHINGTON (AP) -- A push from Congress and the White House for huge increases in biofuels, such as ethanol, is prompting the oil industry to scale back its plans for refinery expansions. That could keep gasoline prices high, possibly for years to come.

With President Bush calling for a 20 percent drop in gasoline use and the Senate now debating legislation for huge increases in ethanol production, oil companies see growing uncertainty about future gasoline demand and little need to expand refineries or build new ones.

Posted by: Delphi 2007-06-18
http://www.rantburg.com/poparticle.php?ID=191048