Re: oil refining conspiracy?

[Doug Henwood <dhenwood@xxxxxxxxx>]

Michael Perelman wrote:

> You are correct, but in Kaliforneeya refinery capacity is short & the
> out of state delivery channels relatively narrow.  Spiking gasoline
> prices here would have more shock value than crude oil.  Only our
> culture and politics are crude.  Our petroleum is refined.

Michael, your style has gotten so whimsical!

Refiners love to keep capacity tight - refineries are expensive, and
one goes down, retail prices spike. The oil historian/political
scientist Greg Nowell has written on this somewhere.

Doug