The highly successful independent entrepreneur Sir Richard Branson has apparently once again decided that there is a need that is not being met, so he has resolved to go into the refining business. If he does this with his usual competance and panache, he’ll pull it off and introduce an outside bit of competition to the established oil companies and cartel.
Think you are upset about high gas prices? Maverick British entrepreneur Richard Branson is so furious he wants to build his own oil refinery….”If we don’t start now to get more refineries built then fuel prices could literally rocket to $US100-$US200 (per barrel of oil) and the world economy would come to a grinding halt,” Branson said in an interview on financial news network CNBC overnight.
He should know about rocketing a bit, from being involved in the private spaceflight venture Virgin Galactic. The Chief has of course heard of virgin pressed olive oil, so why not Virgin Oil?