Archive | September, 2005

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Internal Memos Show Intentional Supply Reduction

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1. September 2005

Internal Memos Show Intentional Supply Reduction

Three internal memos from Mobil, Chevron, and Texaco show different ways the oil giants closed down refining capacity and drove independent refiners out of business since the mid 1990s. The confidential memos, made public by US Senator Ron Wyden, demonstrate a nationwide effort by American Petroleum Institute, the lobbying and research arm of the oil [...]

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