Posted on 09/21/2005 9:08:41 AM PDT by jmc1969
Since the environmental wackos won't allow any new ones to be built the old ones are on overload refining about 6 - 8 different types of fuel required by different state regulations (also an enviro wacko problem).
Busted, I didn't
I try :) But without an increase in supply, a reduction in price will just lead to shortages.
Justifying the upcoming rounds of price gouging......
The BP manager at Prudhoe didn't mention Rita this morning. Whatever, we pay world OPEC market here in our town alongside the Alaska Pipeline.
Here in Virginia Beach prices at the pump went from $2.50 on 8-30 to 3.59 the evening of 8-31. They're back down to $2.50-$2.60 here now.
Either you favor the free market, or you don't.
The alternative to pricing a commodity based on supply is to cap the price. We all know what happens when price controls are instituted, don't we?
Obviously, as any Conservative hating, visually challenged, socialist can see this is an Administration plan to disenfranchise the poor because we all know that if the poor can't afford gas they won't drive, if they won't drive they will be stuck out of the affluent areas of the US.
I am just getting prepared to walk the 50 miles to the office (one way)... think of the stories I can pass along to the grand-kids... "you think you have it hard...when I was younger I walked 50 miles to work, uphill... both ways..."
"The problem is the wussy congressman who refuse to stand up to the enviro wacko's and continue to take the lib money."
We have a WINNAH!
You are the quote of the day!!
I have a company diesel truck and my 2 family cars are Saturns. If $5/gallon gets the poor people off the streets and less traffic congestion, let's have it.
We went from about $2.59 to $3.49 overnight, and as of five minutes ago, we are at $3.09.
I was able to fill-up at $2.48 on I-40 Monday. Far away from
any refineries. (As far as I know)
It doesn't help when the major oil corps donate money to those same enviro wacko's.
U.S. refineries have about 350 million barrels of refined oil in inventory that is instantly worth more.
We went to Iraq for oil, so why are we having a problem?
It was all about oil, wasn't it?
</sarcasm
Well it hasn't helped us a whit.
This area is home to a major switching station in Colonial's pipeline,,,we have a large tank farm,,, and our gas is more expensive at Costco than it is in Portland Maine at the pump. Our gas is usually less expensive.
No more. It went up but its not coming back down accordingly.
NC was told during the Katrina fiasco that all of our gas comes from said pipeline which was down for a a day. Within days it was running at 95% cap. Supply has never been a problem. But price has been.
I suggested the desert because of its largely unchangeable weather. I mean, you can still see pioneer wagon wheel tracks in places. We pipe oil all over the place anyway so it should be no great stretch.
its not a free market. we have 4 or 5 majors controlling it, a worldwide cartel on the supply side, wall street speculators and hedge funds flooding the futures market turning it into new "tech stocks" - and consumers who must have the product to conduct their lives, taking it on the chin.
I am not for price caps either, but don't claim that oil is some kind of perfect free market, its not, its heavily controlled and manipulated.
# Refineries: Distillation capacity of 180,000 Barrels Per Calendar Day (BCD) (2005)
* Premcor Refining Group Inc. (Memphis @ 180,000 BCD)
Gas not oil, dummy.
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