Kuwait offers to build first refinery in U.S. in 30 years
An OPEC foreign nation makes an offer to construct an oil refinery, in relation to homegrown Exxon, Sunoco, Citco, Texaco...etc...incredible!
Price at my neighbourhood Shell station dropped over the weekend from $1.03 to $.95 per litre. Still way higher than US prices, but down by about 75 cents since Labour Day Weekend.
Of course the Long Weekend Price Gouge is a Canadian tradition and nobody really gets excited about it anymore. Like de Toqueville put it so well about the Frenchman of the 1800s (and now), "He folds his arms and waits for the entire nation to come to his aid."
I also heard Richard whatshis name of Virgin airlines wants to build a refinary to offset the high price of jet fuel.
I say , power to him.