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Drillbit

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Drillbit

Re: 14theroad post# 65381

Thursday, 05/06/2004 4:50:43 PM

Thursday, May 06, 2004 4:50:43 PM

Post# of 275594
That $41 price in 1990 was but for a cup of coffee. I damn sure never got close to that for my Penn Grade crude. Ya'll have to know that no new refinery capacity has been built in the US for many years. If memory serves, HESS built the last plant in early 80's in Carribean(sp). This IS NOT the usual 20 year spike. This has legs and the US is just catching up with the rest of the industrialized world's gas/oil prices.

Tired of illegal trading? USE THIS:http://www5.lsb.state.ok.us/legislators/lsbaddress.asp

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