oil refining conspiracy?

[michael perelman <michael@xxxxxxxxxxxxxxxxx>]

This sounds like the California electricity scam?  Could it be true?


Speculating without facts:


More Outages Hit U.S. Refineries

Recent Incidents Heighten
Concerns About Capacity;
Oil Nears $64 a Barrel

By *ANDREW DOWELL* and *BETH HEINSOHN *
*DOW JONES NEWSWIRES*
August 9, 2005; Page A2

Fresh upsets at U.S. refineries over the weekend extended an unusual
spate of outages that has raised concerns about fuel supplies and
contributed to a rise in oil prices on the New York futures market to
nearly $64 a barrel.

The rash of incidents over the past three weeks involves major
processing units and four fires at a time when refiners are trying to
run flat out to meet demand. The outages have put added stress on
already-constrained U.S. fuel-production capacity.

--

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901