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Originally Posted by HUbison
I think the problem here is the inability to refine the crude. We can still bring in oil, but the loss of the refineries in the gulf bottlenecks the crude so that there's less of the end products (gasoline, heating oil) and that's what we see at the pumps.
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Granted, but did we not see a spike in the price of crude yesterday? And where is the reserve? I would think part of the billions spent on the Homeland Security Act included some reserve?
I just caught a blurb on one of the network news channels about a price freeze. Guess we'll see where that goes?