The price of gas

"Peter Gottlieb" wrote in message
news

"Tom Sixkiller" wrote in message
...

"Mike Rapoport" wrote in message
nk.net...
When it is profitable enough then more refining capacity will be
built.

Don't think so. Couldn't do it if they if they wanted to. If the regs
were
"relaxed", it would still be prohibitive after the cost of dealing with
the
regs were amortized.


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.


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).

"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?

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?

But that price point wil be lower if the government simply gets out of the way
and lets the market do it's thing, leaving us more money to spend on avionics
or hookers or dentistry or whatever other item we would PREFER to spend our
money to obtain.

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

ackatyu (Wdtabor) writes:

But that price point wil be lower if the government simply gets out of the way
and lets the market do it's thing, leaving us more money to spend on avionics
or hookers or dentistry or whatever other item we would PREFER to spend our
money to obtain.

Yes. We need more Enrons to let us have more money.

BTW, very free markets were tried around 100+ years ago; and from that
unpleasant experience came Teddy Roosevelt, anti-trust laws,
meat-packing plant inspections, and on and on.

That goes without saying. But right now we have either the "tax and spend"
Democrats or the "spend and borrow" Republicans and guess who gets to pay
either way?


"Wdtabor" wrote in message
...
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?

But that price point wil be lower if the government simply gets out of the
way
and lets the market do it's thing, leaving us more money to spend on
avionics
or hookers or dentistry or whatever other item we would PREFER to spend
our
money to obtain.

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

"In a democracy, the people eventually get what they want." I don't know
who originally said that, but its true. The people have what they "PREFER".
The perfectly fair system is the one where everyone is equally unhappy.

Mike
MU-2

"Wdtabor" wrote in message
...
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?

But that price point wil be lower if the government simply gets out of the
way
and lets the market do it's thing, leaving us more money to spend on
avionics
or hookers or dentistry or whatever other item we would PREFER to spend
our
money to obtain.

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

"Mike Rapoport" wrote in message
nk.net...
"In a democracy, the people eventually get what they want." I don't know
who originally said that, but its true. The people have what they
"PREFER".
The perfectly fair system is the one where everyone is equally unhappy.

It might have been Lincoln Steffen, the ACP member who returned from Russia
in the 30's and marvelled how "equally shabby" everyone was as though it was
a GOOD thng.

Or does simple economics break down when dealing with oil?

There is more than a bit of truth in that off-handed remark.

While the laws of economics still work, the normal structure of supply and
demand sure doesn't. There is nothing "simple" about economics when
dealing with oil.

There are simply too many countries, too many ideologies, too many axes to
grind, and too much money involved for this to be anything but difficult.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"