For those that just think the high prices at the pump are a simple case of economical supply and demand, a new memo has surfaced that might open your eyes a little more:

A Chevron memo is raising suspicion that oil executives intentionally reduced refining capacity in an effort to boost profits.

The 1995 memo, obtained by Consumers Union, reads:

“If the U.S. petroleum industry doesn’t reduce it’s refining capacity, it will never see any substantial increase in refinery profits.”

In the last 20 years, 18 of California’s 32 refineries have shut down. The industry is now seeing record prices and profits at the pump.

One of the most common arguments we hear from the oil industry is that “oil refinery is at a premium here”. This memo shows that is because of the oil companies and their greed for higher profits.

This memo must be used by Congress in hearings. It shows a definite plan of collusion by oil executives to force higher oil prices.