Energy analyst Peter Beutel of Cameron Hanover broke bad on “Big Oil” this morning on CNBC. Just as middle America is hurting from the collapse of the housing bubble, soaring food costs, rising unemployment, and a slowing economy, Beutel reported that U.S. refiners are deliberately ratcheting down refining capacity in order to maximize earnings, and inflate gasoline prices. [...]
Big Oil Drops “The G-Bomb” On U.S. Consumers…
April 18th, 2008 · 2 Comments · Gold and Silver Stocks
Tags: Big Oil·Cameron Hanover·Gasoline prices·Peter Beutel·The G-Bomb·U.S. Refiners