This is a strong indicator, in my opinion, that the oil companies are price gouging (preaching to the choir... I know). When called to bear BP invokes 5th amendment, and dispite the drop in production, the price of oil goes down. Supply and demand states it should go up. My guess, a nice reduction in oil prices just before an election never hurts those in power.
"Prudhoe Bay, located on Alaska's northern coast above the Arctic Circle, is of major importance to the United States, generating 400,000 barrels of oil a day, or about 8 percent of the country's domestic oil production, when it's fully operating. BP cut production at the field in half in August after government-mandated inspections revealed severe corrosion." http://money.cnn.com/2006/09/07/news/companies/bp/index.htm?cnn=yes _______________________________________________ Biofuel mailing list Biofuel@sustainablelists.org http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Search the combined Biofuel and Biofuels-biz list archives (50,000 messages): http://www.mail-archive.com/biofuel@sustainablelists.org/
