"Peter Gottlieb" wrote in message
et...
Wasn't there an article in the WSJ a week or two ago where some oil
company
execs said the regs weren't the primary issue?

I didn't look into it further. What's the problem? Failure of the
marketplace to place sufficient refining capacity on line?

If there's not enough capacity to meet the market demand, that would
indicate the market palce is not acting without significant interference.

The price of
bringing more well capacity online is too high or unpalatable to the
public?
What? Or is it working the way it's supposed to and there are just a
bunch
of people annoyed at higher prices?

Check out how much it costs to get past the EPA and the rest fo the
government alphabet soup to build refining capacity, to drill, or other
facilities.

Are you an expert in the field (no pun intended) or just going with a gut
feeling? Just curious, because while I would gladly discuss with someone
with significant industry knowledge I really don't have any time to debate
environmental politics or with someone who bases their knowledge on one
party's propaganda (either one). No offense but it's late.

No offense, but you can look up hard data, and stay away from the mainstream
media, who are not known as experts, either, not just party propaganda (in
my case the CATO Institute, which is non-partisan...they give Dem's and
Repug's both barrels)


"Tom Sixkiller" wrote in message
...

"Peter Gottlieb" wrote in message
et...
This doesn't sound right. Are you saying the "EPA and others,"
meaning
government regulation, reduced the oil well reserves?

Reserves (from the time) and known resources are much higher than what
we're
extracting.