Thread: Fuel Prices
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Old 11-12-2005, 03:49 AM   #72
MEDIK418
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Join Date: Mar 1999
Location: Amarillo, Texas, USA
Posts: 780
Default Re: Fuel Prices

I;d like to add one more point and then I'm through with this.
A case in point to illustrate how the public's perception and the panic buying that follows events in the oil industry.
In February of this year, we blew up a major part of our refinery. End result was we lost production for a little over 100 days. That's 150,000 barrels a day.
The price of gasoline never went up a penny anywhere in the country because of it. Wanna know why?

Nobody heard about it.

Outside of the 20,000 or so residents of this area, the news never got out. The press didn't blow it out of proportion, nobody felt the pinch and more importantly, the company didn't find it a benefit to "gouge" anyone.
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