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The U.S. government does not own the oil refineries. The oil companies do. Our government cannot dictate to companies and force them to make huge capital investments. But, I agree that oil companies should have expanded refinery capacity ten years ago. I also agree that hedge funds are making a huge profits by speculating on oil prices. Anybody with lots of money can speculate on commodities like oil, coffee and corn. Perhaps somebody ought to be looking into what is driving oil prices so high. Read More? If oil hits $ 85 by December it may mean $ 4.50 for gasoline and diesel at the pump. Multiply that through the economy because high fuel prices will translate into more expensive goods on the shelves. People may start to get upset when the cheaper loaves of bread cost $ 3.50.
1 posted on 09/01/2005 3:08:39 PM PDT by ex-Texan
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To: ex-Texan


Hey they already blamed Bush for the hurricane, global warming, etc.

Ignoring the little fact that over geologic time the Earth has cooled and heated up many times...but, hey, when have the Germans let the facts get in the way..


2 posted on 09/01/2005 3:10:11 PM PDT by in hoc signo vinces ("Houston, TX...a waiting quagmire for jihadis.")
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To: ex-Texan

The Germans ceased to be relevant 65 years ago.


3 posted on 09/01/2005 3:10:36 PM PDT by RockinRight (What part of ILLEGAL immigration do they not understand?)
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To: ex-Texan
The US is partly responsible for the high oil prices as it has not expanded its refinery capacity for a long time,

Tell us something we don't know, Sigfried.

4 posted on 09/01/2005 3:10:41 PM PDT by atomicpossum (Replies should be as pedantic as possible. I love that so much.)
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To: ex-Texan

The concept was we need more refineries, I agree.


5 posted on 09/01/2005 3:10:58 PM PDT by A CA Guy (God Bless America, God bless and keep safe our fighting men and women.)
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To: ex-Texan

How is it the administrations policy about refineries? Where does this puke get his information.


6 posted on 09/01/2005 3:11:13 PM PDT by satchmodog9 (Murder and weather are our only news)
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To: ex-Texan
The US is partly responsible for the high oil prices as it has not expanded its refinery capacity for a long time, said German Economy Minister Wolfgang Clement in a statement to German radio.

Democrats' inaction and catering to special environmental interests has started America sliding towards 3rd world status.

Maybe now Americans will wake up and just say no to Democrat stonewalling energy independence.

7 posted on 09/01/2005 3:12:48 PM PDT by CROSSHIGHWAYMAN
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To: ex-Texan

Build refineries, don't emit C02, no war with out UN approval, help us in Bosnia, etc, etc.

Do these people realize they are making enemies with the most powerful nation on Earth?

Keep funding Russia's emerging fascism, guys.


9 posted on 09/01/2005 3:13:21 PM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: ex-Texan

memo to germany: if you had an economy, you might use some oil too.


10 posted on 09/01/2005 3:13:40 PM PDT by the invisib1e hand (tagline)
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To: ex-Texan

11 posted on 09/01/2005 3:14:01 PM PDT by Extremely Extreme Extremist
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To: ex-Texan

"Germany has accuses the US and "hedge" funds"

OH PUT A F'ING SOCK ON IT!! ughhhhh, I'm so sick of those bastards kicking us when we're down!


12 posted on 09/01/2005 3:15:43 PM PDT by RoseofTexas
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To: ex-Texan

Why did the United States government construct a bunch of huge oil storage depots with no method of refining the stored product? Why didn't they construct some refineries to go along with these depots? If the private sector didn't want to build them for one reasons or another, so what? If the federal government doesn't belong in the refinery business, then why do they belong in the fuel depot business? Looks like another case of government incompetence to me. Perhaps the Germans have a point.


13 posted on 09/01/2005 3:16:01 PM PDT by HuronMan
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To: ex-Texan

Blaming speculators is nonsense. Commodities can be very volatile. When something happens to disrupt production prices go up. We may as well blame economics. Was the rise to 70 speculation? Maybe. If so, oil prices will come down hard and we will have relatively cheaper prices. I just don't get why government leaders are so willing to use to slander "price gouging" on oil producers but not say clothing manufacturers, or Californian produce growers.


14 posted on 09/01/2005 3:16:27 PM PDT by Sam Gamgee
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To: ex-Texan

Scroeder will take a dive in the election in a few weeks so why not desparately spew crap to the hate America crowd? A vote for Schroeder is a vote against Bush and the US.


16 posted on 09/01/2005 3:19:50 PM PDT by Horatio Gates
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To: ex-Texan
Sprechen Sie China?
17 posted on 09/01/2005 3:20:00 PM PDT by Choose Ye This Day (America: Worst. Imperialists. Ever.)
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To: ex-Texan

I think we better keep an eye on Germany. Some of the lunacy coming out of there sounds familiar. Next the Japanese will start blaming us for stuff.


18 posted on 09/01/2005 3:20:27 PM PDT by BallyBill (MSNBC: the MST3K of cable news.)
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To: ex-Texan
Heil Wolfgang!!!!
21 posted on 09/01/2005 3:24:34 PM PDT by Jarhead1957 (Semper Fi)
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To: ex-Texan

Wait a minute. I thought we had the oil situtation under control when we "invaded" Iraq? You know, the Bush family, the Saudis, the Halliburton connection, etc.

Get the last G.I. out of that sixty-year old European "quagmire" and let them rot when we take our money with.


22 posted on 09/01/2005 3:24:43 PM PDT by toddlintown (Your papers please.)
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To: ex-Texan
The US is partly responsible for the high oil prices as it has not expanded its refinery capacity for a long time, said German Economy Minister Wolfgang Clement in a statement to German radio. High oil prices were not due to the oil companies but due to the US administration's economy policy, he said, and he hopes the US administration would change its attitude and take action to increase its oil refinery capacity.

And why has refinery capacity not been expanded? Because of econazis and excessive regulations imposed by democrats.

23 posted on 09/01/2005 3:26:31 PM PDT by VRWCmember
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To: ex-Texan
The U.S. government does not own the oil refineries. The oil companies do. Our government cannot dictate to companies and force them to make huge capital investments. But, I agree that oil companies should have expanded refinery capacity ten years ago.

It takes decades and huge amounts of money to get a refinery approved by local state and federal goverments.

The odds of even getting approval to build a refinery are small.

No one with a brain would spend millions appling for something they had a very little chance of getting approved.

The enviornmental and endangered species laws produce only one result.. If you want to build a factory of any kind, you can do it a lot better and a lot cheaper overseas.

27 posted on 09/01/2005 3:38:03 PM PDT by Common Tator
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To: ex-Texan

One good thing about all this -- in the future, it should be some serious shock therapy that innoculates the stock market from being so jumpy about oil supply speculation. Just get all the bad news over with, and things can only get better from here.


28 posted on 09/01/2005 3:40:51 PM PDT by Prince Caspian (Don't ask if it's risky... Ask if the reward is worth the risk)
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