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Hot Potato, Hot Potato

Our RSS reader pointed us to a post by Prof. Goose on The Oil Drum that’s apparently been reprinted a couple of times, and is relevant once again. Who is actually the villian in the “High Price of Oil” story? It’s complicated.

Here is the path oil takes:

  • Oil companies take it out of the ground, and sell to
  • Refiners, who process it and sell to
  • Distributors, kind of wholesalers who sell to
  • Retailers, who sell to YOU.
  • Now which one is responsible? Click on Prof. Goose’s post for an educational deconstruction.

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