03-20-2012, 11:00 AM
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Too lazy to set a custom title
Industry Role:
Join Date: Oct 2002
Location: Back to Montréal, ALIVE !
Posts: 29,027
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Quote:
Originally Posted by raymor
He said "gas prices go up because of speculation - more people buy stock in oil companies."
On the other hand, supply is obviously affected by the fact that we haven't been allowed to add any new refineries since 1976. Think about if since 1976 no one was allowed to start producing content. You had to buy only from photographers who started shooting in 1976 or earlier. How do you think that would affect rhe price of content? That's exactly what the greenies have done with gas - no new refineries, no drilling here, no drilling there, no new pipelines = supply doesn't keep up with demand = prices go up.
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Again, misinformation or repeating half truth/modified/enhanced/adapted talking points ....
Quote:
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In 2009 through 2010, as revenue streams in the oil business dried up and profitability of oil refineries fell due to lower demand for product and high reserves of supply preceding the economic recession, oil companies began to close or sell refineries.
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http://en.wikipedia.org/wiki/Oil_refinery
Quote:
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In fact, oil companies in the U.S. perceive obtaining a permit to build a modern refinery to be so difficult and costly that no new refineries have been built (though many have been expanded) in the U.S. since 1976. More than half the refineries that existed in 1981 are now closed due to low utilization rates and accelerating mergers.[20] As a result of these closures total US refinery capacity fell between 1981 to 1995, though the operating capacity stayed fairly constant in that time period at around 15,000,000 barrels per day (2,400,000 m3/d).[21] Increases in facility size and improvements in efficiencies have offset much of the lost physical capacity of the industry. In 1982 (the earliest data provided), the United States operate 301 refineries with a combined capacity of 17.9 million barrels (2,850,000 m3) of crude oil each calendar day. In 2010, there were 149 operable U.S. refineries with a combined capacity of 17.6 million barrels (2,800,000 m3) per calendar day.
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So, basically , it is all about the profit of your big subsidized oil conglomerate .... Cheaper to get it processed outside the USA ....
Anymore half-truth to spin ?
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I know that Asspimple is stoopid ... As he says, it is a FACT !
But I can't figure out how he can breathe or type , at the same time ....
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