Well color me surprised: Analysts say oil companies crimping supply to boost prices....

[MazeRat7]

Its an AP article - here is the google news link so you can choose from any of the 151 sources carrying the article.

http://news.google.com/?ncl=1111503051&hl=en

Here is the upshot of the analysis:

_During the 1999-2006 price boom, the industry drilled an average of 7 percent fewer new wells monthly than in the seven preceding years of low, stable prices.

_The national supply of unrefined oil, including imports, grew an average of only 6 percent during the high-priced years, down from 14 percent during the previous span.

_The gasoline supply expanded by only 10 percent from 1999 to 2006, down from 15 percent in the earlier period.

Read the article for more details.

MZr7

[Double T]

1. And cheney goes to Saudi Arabia to plot and plan further manipulation.......

of the oil markets so HE can fulfill HIS commitments to those in HIS secret energy policy cartel. How does IT feel to be screwed by your country's own political 'leaders'??:puke:

[NewJeffCT]

2. I'm shocked I tell you, shocked!

I thought a small band of nearly omnipotent tree hugging environmentalists were the sole cause of high gas prices, foiling Reagan, Bush & Bush at every turn. You mean that's not true?

[acmavm]

3. And???? Like this is news?

What I would suggest be done to the bastards pulling this shit is rather inhumane and cruel. But then, isn't that what they are?

[rman]

4. Oh good. At least the stuff is not running out.

151 "sources" carrying the same article that came from
one source.
Now that i call independent reporting.

[rustydog]

5. Right after lowering prices prior to the mid term elections.

prices have taken off post-election.