Laughable

The oil companies are now going to blame Preznit Bush?

WASHINGTON (AP) -- With Congress and the White House pushing to increases the use of ethanol, the oil industry is scaling back its plans to expand refineries -- which could keep gasoline prices high, possibly for years to come.

President Bush has called for a 20 percent decline in gasoline use by 2017 and the Senate is debating legislation for huge increases in the use of ethanol as a motor fuel. So, oil companies see a growing uncertainty about future gasoline demand and less need to increase refinery capacity to make more gasoline.

Puuuuuhleeeeese. Anyone with a brain knows that Bush's goals for ethanol are impossible to reach, even with the entire U.S. corn production turned into ethanol. And Congress is only entertaining the idea because of the lobbying of ADM Cargill farmers for higher corn prices. Now the oil companies are going to justify not increasing refining capacity due to national policy?

What a joke.