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Gasoline may rise above $4 as plants [refineries] shut
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Posted on 12/31/2011 10:14:42 AM PST by Lorianne

see link in first post


TOPICS: Business/Economy
KEYWORDS: epa; gasoline; keystonepipeline; refineries
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http://www.businessweek.com/news/2011-12-28/gasoline-may-rise-above-4-a-gallon-as-plants-shut.html
1 posted on 12/31/2011 10:14:45 AM PST by Lorianne
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To: Lorianne

Thank you Mr. Obama and your friends at the EPA.


2 posted on 12/31/2011 10:17:26 AM PST by Sacajaweau
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To: Lorianne

$4 gas helped elect Obama $4 gas will defeat Obama.


3 posted on 12/31/2011 10:19:40 AM PST by Anti-Bubba182
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To: Lorianne

Isn’t it wonderful how the Democrat Party/Obama regime treats the American public? Maybe gas will be $6.00/gallon by election day in November.


4 posted on 12/31/2011 10:20:13 AM PST by StormEye
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To: Lorianne
Only $4.00?

Obama’s Energy Secretary Steven Chu wants to “figure out how to boost the price of gasoline to the levels in Europe.” At the time he made the statement, gas cost $7 – $8 a gallon in Europe

5 posted on 12/31/2011 10:20:28 AM PST by MissMagnolia (You can't fix stupid but you can vote it out.)
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To: Lorianne

Meanwhile,this country is exporting gas at a record rate.


6 posted on 12/31/2011 10:22:39 AM PST by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Lorianne
Thanks Obama for higher gas costs, higher coffee costs, higher unemployment, greater debts.....
7 posted on 12/31/2011 10:22:58 AM PST by theDentist (FYBO/FUBO; qwerty ergo typo : i type, therefore i misspelll)
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To: Lorianne; no-to-illegals; All

Is there any truth to the rumor that if the pipeline is built from Canada tar sands to Texas it is going to be shipped to China? And would it be the oil or gasoline? And if gasoline, why would we want to tie up our scarce refinery capacity to produce gasoline for China and drive up our own prices? More information definately needed!!


8 posted on 12/31/2011 10:26:35 AM PST by gleeaikin
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To: Lorianne
Here's a hot link to your article:

Gasoline May Rise Above $4 A Gallon As Plants Shut

9 posted on 12/31/2011 10:28:26 AM PST by blam
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To: Farmer Dean
and all of this helping America reduce its dependence on foreign oil.

The the political weenies and tree huggers are destroying this country

10 posted on 12/31/2011 10:28:31 AM PST by NY Attitude (Make love not war but be prepared for either.)
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To: Lorianne

http://www.businessweek.com/news/2011-12-28/gasoline-may-rise-above-4-a-gallon-as-plants-shut.html


11 posted on 12/31/2011 10:29:48 AM PST by iowamark
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To: gleeaikin

I think that what you heard is that Canadian oil is going to China if the Keystone pipeline is not built.


12 posted on 12/31/2011 10:32:16 AM PST by iowamark
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To: gleeaikin

I don’t think so. I do know that if the pipeline is *not* built the oil will be sold to China. That will free up a lot of Iranian oil so we can dump the current boycott restrictions on Iran and buy it ourselves.


13 posted on 12/31/2011 10:33:48 AM PST by Cyber Liberty ("If the past sits in judgment on the present, the future will be lost." --Winston Churchill)
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To: gleeaikin

It is unimportant where the oil is used. All oil is sold on the world market. There is no such thing as “american” oil, “chinese” oil, etc. It all goes into one big market and is bought & sold in US dollars no matter where it is produced or where it is used.

What matters is that more oil is produced which will bring the cost of oil down. Supply and demand. It’s even better if more oil is produced in america.


14 posted on 12/31/2011 10:35:31 AM PST by mamelukesabre
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To: Lorianne

http://media.philly.com/documents/Reduction_in_Northeast_Refining_Activity.pdf

I found this last week.


15 posted on 12/31/2011 10:36:20 AM PST by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
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To: gleeaikin
Is there any truth to the rumor that if the pipeline is built from Canada tar sands to Texas it is going to be shipped to China?

For years, the only gasoline the U.S. exported was to Mexico -- which was a contract arrangement in exchange for Mexican crude.

The only reason we're exporting it now (and it's not much) is because U.S. consumption has declined -- and refineries have to run at or near-capacity to maintain production efficiency. And, at that, it's being exported to the Caribbean because there isn't enough pipeline capacity to ship it to the Northeast.

It's not feasible to ship gasoline from the Gulf to the Northeast via tanker because US law requires all shipments between US ports to be carried in American flag bottoms with fully unionized crew.

Because of that, it is more efficient to export the Gulf's excess to the Caribbean and import gasoline into the Northeast from, say, Nigeria.

In other words, it's not a nefarious plot by the evil oil companies...

16 posted on 12/31/2011 10:40:20 AM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: StormEye
Maybe gas will be $6.00/gallon by election day in November.

Imagine that coupled with the photograph of the PM of Canada shaking hinds with the Chicoms over their new "Pipeline to the Pacific" deal.

17 posted on 12/31/2011 10:51:35 AM PST by Mike Darancette (Either Obama can beat any GOP candidate or no GOP candidate.)
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To: gleeaikin

http://www.american.com/archive/2011/november/obamas-indefensible-pipeline-punt

It would be a secure pipeline adding about 6% to U.S. supply we wouldn’t have to buy from the Saudi’s or Venezuela. Not to mention at thousands of high paying jobs.


18 posted on 12/31/2011 10:52:48 AM PST by muleskinner
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To: Lorianne

We B savin’ da planet doncha know.


19 posted on 12/31/2011 10:54:12 AM PST by FlingWingFlyer (Stop BIG Government Greed!!!!!)
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To: Lorianne
The fed lending to the EU will drive gas that high and actually higher no stopping it.
20 posted on 12/31/2011 10:55:20 AM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Newt, Willard, Perry and nervous supporters.)
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To: Lorianne

It may!!! it’s been over $4 here in Hawaii for over a year. Right now it is $4.30 down 20cents from a few months ago. (Maui)


21 posted on 12/31/2011 11:08:03 AM PST by fish hawk
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To: mamelukesabre
. There is no such thing as “american” oil, “chinese” oil, etc...

I'd add a caveat to this... it does matter to the extent that a concentrated foreign supply of potential enemies allows the cabal of suppliers to wield unnecessary strategic/political clout over the consumer nation, ie: us. If our suppliers are more of the Ourselves/Canadian/Norwegian/Mexican flavor, any actions by our enemies, while still having an effect on world markets, will be somewhat mitigated, and removed from affecting us in any devastating way.

22 posted on 12/31/2011 11:10:16 AM PST by C210N (Dems: "We must tax you so that we can buy your votes")
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To: okie01
In other words, it's not a nefarious plot by the evil oil companies....

True.

It is, however a nefarious plot by the evil Marxists, unions and US Government.

23 posted on 12/31/2011 11:11:24 AM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it. (plagiarized))
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To: Mike Darancette; All
"Imagine that coupled with the photograph of the PM of Canada shaking hinds with the Chicoms over their new "Pipeline to the Pacific" deal."


24 posted on 12/31/2011 11:16:41 AM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: MissMagnolia

Europe can get 60 mpg diesels which are not allowed in America. That at least makes the price of fuel bearable.


25 posted on 12/31/2011 11:30:40 AM PST by jonrick46 (Countdown to 11-06-2012)
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To: Lorianne

Saw this price prediction in the Houston Chronicle energy section over a month ago. Waiting for the conspiracy folks to speak


26 posted on 12/31/2011 11:34:12 AM PST by Figment
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To: gleeaikin

Is there any truth to the rumor that if the pipeline is built from Canada tar sands to Texas it is going to be shipped to China?

If Keystone is not built to the gulf coast, there is nowhere else but the west coast of Canada. From there it will go to China


27 posted on 12/31/2011 11:37:42 AM PST by Figment
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To: fish hawk

It may!!! it’s been over $4 here in Hawaii for over a year. Right now it is $4.30 down 20cents from a few months ago. (Maui)
That really makes it tough when you want to drive out of state


28 posted on 12/31/2011 11:42:28 AM PST by Figment
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To: Figment

Would you like to buy a timeshare on Kauai? I’ll make you a great deal. ;>)


29 posted on 12/31/2011 11:52:23 AM PST by Gator113 (~Just livin' life, my way~.. Newt/Palin-West-2012."got a lot swirling around in my head.")
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To: Anti-Bubba182

OBAMA: Thank you Bubba182, vote for me and I’ll allow the refineries to start up again.

I promise.


30 posted on 12/31/2011 12:22:12 PM PST by 353FMG
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To: Lorianne
Wait a minute. Earlier today there was a FR post stating that the US was exporting record amounts of gas and diesel to other countries.

Now we here about refineries shutting down and we could have a shortage of gas and diesel come spring/summer?

Bull$hit! I smell a major rat and it is not always Zero. I smell the oil companies and refineries trying to make even more huge profits and trying to blame the gov’t.

Now the gov’t does get some blame for the ridiculous amounts of gas formulas that are mandated, but I ain't buying the oil/refinery companies crying poor me.

Oil is a special commodity in my opinion that this country needs for its existence and this price manipulation needs to stop.

31 posted on 12/31/2011 12:33:15 PM PST by CapnJack
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To: Lorianne

all part of O’s economic Jihad on us..


32 posted on 12/31/2011 1:03:32 PM PST by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
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To: CapnJack

We are a net importer of oil.
We are a net exporter of gasoline.

Doesn’t make sense does it?


33 posted on 12/31/2011 1:10:44 PM PST by Lorianne
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To: ColdOne

Interesting
Thanks


34 posted on 12/31/2011 1:15:27 PM PST by Lorianne
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To: Lorianne

-——Doesn’t make sense does it?-——

Of course it makes sense.

We buy crude, add value and sell the gasoline. That’s what business do. Purchase raw materials, use expertise and a manufacturing plant to make something and then sell at a profit.

Profit makes the world go round


35 posted on 12/31/2011 1:16:35 PM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: ColdOne

Interesting
Thanks


36 posted on 12/31/2011 1:20:27 PM PST by Lorianne
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To: ColdOne

Interesting
Thanks


37 posted on 12/31/2011 1:20:37 PM PST by Lorianne
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To: Sacajaweau

All those weak sister Republicans who will not call Obama
a fabian socialist /communist owe us an apology for sugar coating this wild man’s commie obsessions.

Rush said Obama will take this country hard left as fast as possible before he’s stopped.Rush is not a prophet but he understands the subversive mindset of the communist.


38 posted on 12/31/2011 2:17:25 PM PST by ChiMark (chewed up his body for a decade)
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To: Anti-Bubba182

“$4 gas helped elect Obama $4 gas will defeat Obama.”

You’re right; even welfare queens have to gas up. High gas prices are probably the most visible sign of the inflation we’re “not experiencing”; I suspect more people buy gas than groceries (as that is often done by just one person per household).


39 posted on 12/31/2011 2:47:38 PM PST by kearnyirish2
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To: mamelukesabre
It is unimportant where the oil is used.

Oil isn't Amazon.com. Shipping ain't free.

40 posted on 12/31/2011 3:11:45 PM PST by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: jonrick46

Most of Europe’s 60mpg diesels wouldn’t pass our smog or crash regulations. When they make sure they do, they don’t get any 60mpg any more.

Other thing is eventually the Euros are going to wake up and realize what that weird stuff all over their buildings is. Hint: Diesel residue is a carcinogen.


41 posted on 12/31/2011 3:47:25 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Figment

How would you drive out of state from Hawaii? It’s an island.


42 posted on 12/31/2011 3:49:01 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

How would you drive out of state from Hawaii? It’s an island.

They have an interstate highway


43 posted on 12/31/2011 5:15:31 PM PST by Figment
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To: Spktyr
How would you drive out of state from Hawaii? It’s an island.

Are you sure? I'll have to get a map.

44 posted on 12/31/2011 5:21:33 PM PST by Revolting cat! (Let us prey!)
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To: Revolting cat!

There are four signed intrastate Interstate Highways in the State of Hawaii:

http://www.interstate-guide.com/

http://www.ihoz.com/interstates.html

http://www.hawaiihighways.com/photos-overview.htm

I-H1

http://en.wikipedia.org/wiki/Interstate_H-1

I-H2

http://en.wikipedia.org/wiki/Interstate_H-2

I-H3

http://en.wikipedia.org/wiki/Interstate_H-3

I-H201

http://en.wikipedia.org/wiki/Interstate_H-201

http://www.kurumi.com/roads/3di/ix01.html

There are also four unsigned interstates in Alaska, and three in Puerto Rico. Those roads are funded as Interstates but not built to Interstate standards.

(Happiness is being a Road Geek.)


45 posted on 12/31/2011 8:06:37 PM PST by GreenLanternCorps ("Barack Obama" is Swahili for "Jimmy Carter".)
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To: Figment

That doesn’t actually go “interstate,” yes, I know. That’s a boondoggle that should never have been built as an interstate. :P


46 posted on 12/31/2011 8:54:50 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr
"How would you drive out of state from Hawaii? It’s an island."

No, you're wrong. It is actually eight main islands and more that are too small to count. But you still missed the joke.

47 posted on 12/31/2011 9:11:21 PM PST by JustaDumbBlonde (Don't wish doom on your enemies. Plan it.)
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To: JustaDumbBlonde

Last I checked, the big island is called Hawaii.

Again, how do you drive out of state from that island? ;P


48 posted on 12/31/2011 9:47:06 PM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

Yep, the big island is Hawaii, but the comment related to driving from the state ... oh, nevermind ... I’m a little too finicky when it comes to details. Happy New Year!


49 posted on 12/31/2011 10:04:09 PM PST by JustaDumbBlonde (Don't wish doom on your enemies. Plan it.)
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To: okie01; iowamark; Cyber Liberty; mamelukesabre; Figment; no-to-illegals; All

Having received a number of comments related to the issue of whether China will be the ultimate recipient of oil through the XL pipeline to Texas, I decided to do a little research. Here are some links for all to ponder and comment on. The first link is strongly negative.

http://stopbigoilripoffs.com/stop-the-keystone-xl-pipeline/

The second link is a technical report for the Dept. of Energy.

http://www.keystonepipeline-xl.state.gov/clientsite/keystonexl.nsf/AssmtDrftAccpt.pdf

The third explores various political and practical implications of the current delay and the argument that if we don’t build it here it will go to Vancouver.

http://www.keystonepipeline-xl.state.gov/clientsite/keystonexl.nsf/AssmtDrftAccpt.pdf

I will be interested to see any additional information that can be developed on this highly controversial topic.


50 posted on 12/31/2011 11:16:25 PM PST by gleeaikin
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