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To: CottShop
No need to answer- we all know that is never goign to happen despite refineries cutting costs- they’ll simply pocket the extra profits leaving prices right where they are

So, what would you do? Especially, given that...

The researchers also determined, however, that 70 of the new sequences identified have potential to consume less energy than the sequence now used by industry. Those 70 sequences range from being 6 percent to 48 percent more energy efficient than the method currently in use.

"However, just because a particular sequence would be more energy efficient doesn't mean it would be practical for industry to implement," Agrawal said. "There are a lot of challenges. Some are easy to build and just involve trivial retrofitting, and some are more difficult. So we'll need to work with companies and refinery experts to determine which sequences could be built."

Given that refineries already have an energy cost of less than 2%, a 6-48% energy savings isn't going to translate to more than a penny or two at the pump. And, if the re-sequencing requires any major capital investment, it's not going to be worth it.

Big Oil currently returns a profit of about a dime a gallon on gasoline. How much of that would you want them to "give back" so you wouldn't resent their making a profit?

In the interest of full disclosure: I do not now, nor have I ever, worked for an oil company.

13 posted on 12/26/2009 1:14:01 PM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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To: okie01

I mispoke- You’re right, the companies don’t profit- the govenrment does State and federal. I don’t resent the company making a profit- What I do resent are congress’ stipulations on oil refineries which are artifically keeping prices high- again, you’re right, it’s not hte companies fault the prices are high0- it’s the speculators and govenrments fault- their restrictions on the amount of refineries allowed, and the amount by which they can refine, have artifically driven up the prices- What I should have said was that government iwll pocket the extra savings while keeping hte prices high-

Barack has stated many times he wishes to see prices around $6.00 a gallon, and He’ll no doubt be enacting new guidlines and fees and restricitons which will further drive up the prices


15 posted on 12/26/2009 2:12:41 PM PST by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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To: okie01

Barack has stated many times he wishes to see prices around $6.00 a gallon, and He’ll no doubt be enacting new guidlines and fees and restricitons which will further drive up the prices while requiring hte refineries ot be even more efficient which will mean more profit for hte government (and it’ll be more than a penny or two per gallon)

Our govenrment has put very heavy restrictions on refineries, made htem jump through hoops, being hte cleanest and most efficient companies i nthe world at great cost to the companies, and our govenrment has tremendously profitted off oil, and then obama and the dems have hte nerve to turn around and villify ‘big oil’?


17 posted on 12/26/2009 2:21:25 PM PST by CottShop (Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
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