Repercussions for people outside New Orleans

"Jay Honeck" wrote in message
news:fZIRe.321609$xm3.157996@attbi_s21...
Actually if you owned the gasoline or worked for the people who owned it,
you would sell it to those who were willing to pay the most for it. You
would do this because you would know that there is somebody somewhere on
the planet that would be willing to sell to the US buyers for a higher
price and the only one hurt by your action would be you or those you
represent. The reality is that the worldwide supply of gasoline is now
reduced from what it was last week and therefore gasoline is worth more.
The price will rise until demand is reduced to equal supply. It is an
inescapable fact.

No one argues that it is supply and demand at work. It always is.

My point is that our "supply" side has been artificially restricted by
onerous environmental laws. These laws are so complex and expensive to
interpret that no one has built a new refinery in the U.S. since their
inception.

Thus, we find ourselves in the pickle we're in. One hurricane, and we're
*all* dead, economically.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"


Your assumption is not correct. It is not enviornmental regulation that is
preventing new refineries from being built. The biggest reason that no
"new" refineries have been built is that it is cheaper to increase capacity
at an existing refinery than to build a new one.

Obviously it costs refiner's to clean their emissions but it cost society
more if they don't. The increase in real estate and steel prices are larger
impediments to adding refining capacity than enviornmenal regulation.

Mike
MU-2