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<blockquote data-quote="The Other Side" data-source="post: 1762329" data-attributes="member: 17969"><p>THAT HAS NOTHING TO DO WITH THE SHORTAGE IN CALIFORNIA.</p><p></p><p>Last year, going into summer, California was sitting on MAXED out reserves of refined unleaded fuels. In other words, there was no more room for more oil.</p><p></p><p>Chevron, and BP, began to sell Californias reserves to MEXICO in order to bring inventory levels down to a 30 day supply. IN addition, BP sold its refineries to TESORO Corp out of TEXAS, and they systematically began shutting down refineries in California limiting production.</p><p></p><p>Next, we had the Mystery explosion at the Chevron facility, shutting down the plant and limiting supply.</p><p></p><p>Of course, there is no federal investigation on the explosion, even though, historically, when prices hit record lows, there ALWAYS is an explosion at a refining plant in california.</p><p></p><p>In the meantime, despite having RECORD levels of inventory in summer of 2014, the oil companies have managed to shed those record levels and bring down the supply to a point where demand exceeded supply and driving up prices FALSELY.</p><p></p><p>Activists groups are all over this issue and there is talk in Sacramento to curb the oil companies in California.</p><p></p><p>This "free market" scam has gone on long enough. Its time to put the oil companies in check or have the oil industry taken over by the government and turn it into a nonprofit.</p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 1762329, member: 17969"] THAT HAS NOTHING TO DO WITH THE SHORTAGE IN CALIFORNIA. Last year, going into summer, California was sitting on MAXED out reserves of refined unleaded fuels. In other words, there was no more room for more oil. Chevron, and BP, began to sell Californias reserves to MEXICO in order to bring inventory levels down to a 30 day supply. IN addition, BP sold its refineries to TESORO Corp out of TEXAS, and they systematically began shutting down refineries in California limiting production. Next, we had the Mystery explosion at the Chevron facility, shutting down the plant and limiting supply. Of course, there is no federal investigation on the explosion, even though, historically, when prices hit record lows, there ALWAYS is an explosion at a refining plant in california. In the meantime, despite having RECORD levels of inventory in summer of 2014, the oil companies have managed to shed those record levels and bring down the supply to a point where demand exceeded supply and driving up prices FALSELY. Activists groups are all over this issue and there is talk in Sacramento to curb the oil companies in California. This "free market" scam has gone on long enough. Its time to put the oil companies in check or have the oil industry taken over by the government and turn it into a nonprofit. TOS. [/QUOTE]
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