Again, you are basing your figures on market cost for oil. The cost for big production refineries that produce their own oil by drilling their own wells is a lot less. Do not let the jumbled figures throw you. When world spot prices was around $35 your figures would be correct.
Bush campaigned on the need for a national energy policy and it took Congress 5 years to pass a bill many say is inadequate. so Bush is going round promoting solutions, himself, again and seems to be working with governors to get ethanol cranked up. The army has taken delivery on the first hydrogen car and has a plan to eliminate 75% of its oil. NIMBYs seem to think they can win the White House in 08.
Last week two people sent me info on a product that always sells like hotcakes when oil prices are high. So if you want to profit from the concern, check this out.
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