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Power

Submission + - Big Oil threatens gas prices because of biofuels

Stickerboy writes: Just in case it wasn't clear that Big Oil has Americans by the short hairs, now they're making thinly veiled threats: Quit pushing biofuels so hard, or we won't expand any more fuel refining capacity (NYT registration needed). A lack of refining capacity is one of the top culprits for higher prices at the pump. Of course, never mind the number of domestic refineries and total refining capacity is at a lower level than it was in 1980. If trying to pass off record profiteering as mediocre business results doesn't work, maybe threats to gas prices will keep the public cooperative and in line!

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