"Dave S" wrote in message
news


Jay Honeck wrote:
Agreed, OT, and just another win for BIG OIL. I hope the senate has a
better handle on what subsidies look like and what profits are for...


Did you READ the article? There hasn't been a new refinery built in the
U.S. since I was a senior in high school -- 29 years ago!

Gee, don't you think that *maybe* we might have gone a wee bit too far
with gubmint regulations?

Yes, Jay.. I read the whole story.. and I knew that fact long before it
was posted in here.. (gasoline refineries). There HAVE however, been all
sorts of OTHER petrochemical units and operations built since then. I
participated in the new construction of a Polypropylene unit a little over
10 years ago. The truth is.. the OLD gasoline refineries were all
grandfathered. They were permitted to operated DIRTY, and CHEAPLY.

No, they haven't; they are just as susceptible to federal and local
regulations as ever.

And older plants are COSTLY to operate, mainly due to maintenance costs.

Tis is all about profits.

Or an agenda.


The oil companies havent gone into bankruptcy in droves over 20 odd years,
if anything they have made money hand over fist.

In most years they make less profit than the Feds and states take in fuel
taxes.

They have not increased their refining capacity because it would decrease
their overall PROFIT margin. Building new refining capacity to "standard"
would drive their incremental cost of production UP, and eat into the
stockholders dividends. But make no mistake, it would still be PROFIT.

So why should they use their profits and capital to build more capacity when
so many just squeal and whine?


What we are celebrating is the deliberate browbeating of the elected
Republican representatives of the House by the Republican Leadership. I
will bet dollars to doughnuts that they made it clear - vote against us
and we will REPLACE you at the next election with another fellow
Republican who is loyal. The fact that the election was held open until
the bill passed supports that claim.

You want the truth about oil and gas prices? 5 weeks ago when the oil
prices his $70 or so a barrel, the gas prices popped up over $3 a gallon
within days.

You grasp of an issue with mutiple facets is...lacking.

The OIL that was that expensive was still to be in the boat being shipped
over from Saudi and Venezuela for days to weeks longer. We paid a premium
on refined product that was already in the inventory. Legalized price
gouging, anyone?

If the market says the next boat load will cost 10-20-30% more, just how
would YOU price your inventory?

You wanted OT.. you got it

And you're (relatively) clueless.

--
Matt

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Matthew W. Barrow
Site-Fill Homes, LLC.
Montrose, CO