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« The EU Strikes Again | Main | Gillette Votes to Merge » July 12, 2005 The Oil Uproar That Isn'tThe New York Times seems puzzled that there isn't a greater uproar over the high price of oil. The article does mention that, corrected for inflation, oil is still well below where it was 25 years ago. However, the article fails to mention that there hasn't been a domestic refinery built in 29 years. The reason for the high price for oil isn't greater demand; it's due to vast supplies being underneath corrupt governments. Posted by edelfenbein at July 12, 2005 1:50 PM |
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