Re: The Risks of Falling Gas Prices
Prices reflect demand, we have to rmember that. Also, no new refineries have been built in the past 30 years, the current ones have just increased their output. The large one that was left a shell after Katrina started production again last month, I believe, and is projected to be back up to 250,000 barrels a day by the end of next year.
We need to keep reacting as though gas prices can revert at any time now, and the prices *should* stay down. No promises though...