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Old May 23rd 04, 07:40 PM
Peter Gottlieb
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"Tom Sixkiller" wrote in message
...

If refining is so incredibly expensive here then why isn't the refining
being done where it is cheaper and the final product shipped here for
consumption?


Probably because it's easdier/safer to transport crude than gasoline.


LNG is routinely transported. And I don't see and refineries around here,
all gasoline is shipped in.


The logical conclusion is that refining here, with all the regulations,

is
still economically favorable as compared to refining elsewhere.


And that's not even the point. (Try staying on the topic...or

understanding
it to begin with).


So what is the "point?" That you want to gripe that life is tough and you
should be free to do exactly as you please no matter how it affects others,
no matter what the economics are? The subject is titled "The price of gas"
so if not economics then what are we talking about?

This all boils down to economics. THAT is what the most important
consideration is. Short term pain (in the form of supply/demand imbalances)
result in longer term changes which tend to correct the short term problems,
but only when the economics favor the changes. At some price point it will
be favorable to either deal with this government's licensing and build
capacity here or to adjust the distribution and ship from refineries in
other countries. Or does simple economics break down when dealing with oil?