Sunday, May 07, 2006
Chevron Memo Raises Suspicion
If the government doesn't do something about these pigs, the people should!
Chevron Memo Raises Suspicion - News - MSNBC.com:
"SACRAMENTO, Calif. - A Chevron memo is raising suspicion that oil executives intentionally reduced refining capacity in an effort to boost profits. The 1995 memo, obtained by Consumers Union, reads:
'If the U.S. petroleum industry doesn't reduce it's refining capacity, it will never see any substantial increase in refinery profits.'
In the last 20 years, 18 of California's 32 refineries have shut down. The industry is now seeing record prices and profits at the pump. "