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Old 08-11-2004, 11:20 AM
IowaStatePhiPsi IowaStatePhiPsi is offline
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Join Date: Jun 2004
Posts: 2,624
Angry Shell to artificially raise gas prices



http://releases.usnewswire.com/GetRe...d=114-04062004

SANTA MONICA, Calif., April 6 /U.S. Newswire/ -- The Foundation for Taxpayer and Consumer Rights today released internal Shell documents showing the oil refiner is set to close and demolish its Bakersfield refinery despite the fact the site had the biggest refinery margins, or profits per gallon, of any Shell refinery in the nation as of yesterday.

Shell had claimed it was not economically viable to keep the refinery open and has refused to put it up for sale. Bakersfield supplies 2 percent of the state's gasoline and only 13 refineries feed California's tight gasoline supply (down from 37 in 1983).

edit: I just noticed the date, I dont know why this was on the top of a list of news links.

Last edited by IowaStatePhiPsi; 08-11-2004 at 11:22 AM.
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