Re: $3.51 to $3.85 in one day, really!
Sun Aug 19, 2012 12:33 pm
That is as good a description of the problem as I have ever heard.If I'm not mistaken Louisana has gone from like 35 refineries to 15 or so in the last twenty years. The less the replace the more money they make, so why would they invest in newer refineries which would be more regulated and expensive? Although I suspect the capacity of those 15 refineries has gone up dramatically as they expanded and improved technology, every hurricane we Southerners grit out teeth and hope more don't get clobbered, cause it takes forever to move gas from outside sources and it's expensive as hell, driving prices up even more...
Still, compared to the rest of the world, we have it pretty good.
Still, compared to the rest of the world, we have it pretty good.
Re: $3.51 to $3.85 in one day, really!
Sun Aug 19, 2012 9:13 pm
cooper9411 wrote:Our government regulates everything else why not this? They say that doing away with oil companies tax breaks would cause it to go even higher.
Because the oil companies OWN Congress lock, stock ,and barrel so your 'elected' representatives in the big fun house at Foggy Bottom really don't work for, nor care about you and your wants, one reason why oil subsidies will never go away because not one of them will bite the hand that overfeeds it.
Re: $3.51 to $3.85 in one day, really!
Mon Aug 20, 2012 8:02 am
Thanks for that list, Muddy. The article around it is here: http://www.bloomberg.com/slideshow/2012 ... untry.html, listing here: http://www.bloomberg.com/slideshow/2012 ... ml#slide62
For those interested in the differing ways people have cut the deal of motor fuels around the world (what it costs, how much 'you' on average can afford it, and how that's managed) the text around the slideshow is interesting - the Norwegians, for instance have as radically different a way of dealing with it than the US; conversely Venezuela has a similar model, and had riots with deaths the last time there were proposals to cut the subsidy!
The issue over environmental restrictions is an important one. Let's not forget the most critical aspect of that, the massive restriction of leaded fuels and how poisonous that was (and is) and the story of the most poisonous man in history. He made you, me and everyone we know stupider than we'd otherwise be, thanks to lying about the effects of Tetra ethyl lead.
http://en.wikipedia.org/wiki/Thomas_Midgley,_Jr.
If you really want to depress yourself - http://www.damninteresting.com/the-ethy ... ned-earth/
And remember, folks, the price of gasoline / petroleum will go up in the future, and as has been said before, you 'aint seen nothing yet. These are the good old days of cheap fuel!
Regards,
For those interested in the differing ways people have cut the deal of motor fuels around the world (what it costs, how much 'you' on average can afford it, and how that's managed) the text around the slideshow is interesting - the Norwegians, for instance have as radically different a way of dealing with it than the US; conversely Venezuela has a similar model, and had riots with deaths the last time there were proposals to cut the subsidy!
The issue over environmental restrictions is an important one. Let's not forget the most critical aspect of that, the massive restriction of leaded fuels and how poisonous that was (and is) and the story of the most poisonous man in history. He made you, me and everyone we know stupider than we'd otherwise be, thanks to lying about the effects of Tetra ethyl lead.
http://en.wikipedia.org/wiki/Thomas_Midgley,_Jr.
If you really want to depress yourself - http://www.damninteresting.com/the-ethy ... ned-earth/
And remember, folks, the price of gasoline / petroleum will go up in the future, and as has been said before, you 'aint seen nothing yet. These are the good old days of cheap fuel!
Regards,