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#71
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john smith wrote:
Any thoughts as to how the SPR oil will be allocated? Auction? Can't say, but we built a metering skid for the one in the Sulphur, La. area (West Hackberry). That was after the salt dome got penetrated by a well digger and set on fire. They had no idea how much was in there nor how much was lost. So they used the skid to meter what was pumped out and from then on, what was pumped back into it... Badly twisted my ankle on that b*tch when I jumped off of it from making final adjustments, a steel toed boot got hung between the fins on the explosion proof box. 3 days later I put down my crutches and limped down the isle that weekend to marry my wife, 25 years ago come January... |
#72
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![]() "john smith" wrote in message . .. Mike Rapoport wrote: If the SPR oil goes to refineries in the midwest (where the supply of crude is unaffected) how will that really help? I agree that announcing the availiiblity of SPR oil has some marginal calming effect on the markets in the immediate term, but it is not going to affect the supply of gasoline in any meaningful way. Any thoughts as to how the SPR oil will be allocated? Auction? No. The SPR "lends" the crude to the refiner and the refiner than replaces it at a later date. Mike MU-2 |
#73
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Mike Rapoport wrote:
HELLO!!! ARE YOU LISTENING JAY??? Where do you get this BS? IT IS NOT IMPOSSIBLE TO BUILD NEW REFINERIES. sorry for shouting. Mike MU-2 True, it's not physically impossible to build a new refinery here in the US, but it's nearly financially and enviromentally impossible. EPA regs and enviromental studies and all the paperwork that has to be accomplished and signed off prior to even designing the plant has pretty well made new construction a non-starter since the late 70's. |
#75
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![]() "Darrel Toepfer" wrote: On another note, anyone who lives near the ocean in a city that's 18 feet below sea level is living on borrowed time until the next disaster. If businesses were refused insurance and government aid for disasters such as this, and the poor were forced to work for a living, no one (or very few) would live in areas like New Orleans because the financial risk would be too great. Since the government swoops in to cover much of the financial loss, there's less at risk for the individual, and lives are needlessly lost. The people still struggling to make repairs from hurricanes from the past 3 years, ain't living off of a gov'nment teet. And lots of them are 50 miles or more from any coast... It took me over 5 months to have my roof and fence replaced and that was with insurance and my own money. Lots of people can't afford that luxury... Isn't it wonderful that we dumbasses living down here are able to benefit from the wisdom of all the smart people in the rest of the country? -- Dan C172RG at BFM |
#76
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Thus, we find ourselves in the pickle we're in. One hurricane, and we're
*all* dead, economically. Now that's just hyperbole, sorry. You're not all dead economically - far from it. True enough. But this event will have a devastating impact on our economy, thanks largely to incredibly poor governance. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#77
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Jay, you simply have no idea.
Really? I grew up in a city that hosted the largest tractor plant in the world (JI Case's "Clausen Works"), right on the shores of Lake Michigan. Ten thousand men worked there every day. Racine was also host to Modine Manufacturing, Twin Disc, Walker Manufacturing, and a hundred other smaller manufacturing plants. The skies overhead were black with soot, and the lake water was very polluted. Throughout the '70s, as more and more environmental laws were enacted, the air slowly cleared, and the water quality improved. And, one by one, each of these plants closed. The Clausen Works survived, at a much diminished capacity, until just a couple of years ago. It's now a great, barren, concrete and asphalt plain. Although a couple of those companies maintain a presence in Racine, their production facilities are long gone. Now, our Lake water is so clear, that the lake perch have been devastated by the salmon -- the poor things simply have no place to hide, because the water is actually *too* clean. And the boating is great -- for those few who can afford it. And all those jobs? All those families? All that infrastructure? All gone. Now, obviously, there's a lot more to the utter demise of the Rust Belt than merely environmental lunacy. The unions got greedy, and came to expect that a guy turning a nut with a wrench all day was really worth $60K per year. And management got fat and lazy, thinking that the gravy train would last forever. But if you don't think that over-the-top, complex and expensive environmental regulation played a major part in our economic collapse (and that is truly what it was/is), you are either a fool or you just haven't been paying attention. And now we're seeing it happen in the oil industry -- the very heart and mainstay of our economic system. We have seen the enemy, and it is us. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#78
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As I understand it, refining is actually a pretty low-margin business,
which tends to discourage investing in one iota more capacity than you can sell tomorrow. Right -- and why do you suppose that is? It certainly didn't used to be. Let's see. The price of crude is sky high. Oil company profits are sky high. Yet oil refining is a low-margin business. Hmm.... What's going on here? Can anyone say "Regulatory Insanity"? That industry can't fart without filling out reams of EPA paperwork, in triplicate. And each one of those forms is filled out by a very highly paid person -- that you and I are directly subsidizing at the pump. So, in my mind the high price of gas is the best way to spur conservation. The government could mandate things but all of us as individuals will figure out better and cheaper ways on our own. I would not support a tax increase however, because I don't support increasing the size of government, period. True enough. But what a stupid time to have this happen, when there's a real surplus of oil on the market. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#79
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![]() 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. Your point is irrelevant. Their costs are lower largely because of the onerous environmental regulations that essentially prevent the construction of new refineries until the cost of gasoline has risen so incredibly high that consumption will fall to a level where the refinery is no longer needed. This phenomenon is called "social engineering", and is diametrically opposed to the laws of "supply and demand." Educated observers have always known that this was the ultimate goal of the most radical environmentalists (and, hell -- the ADMIT it) -- to make construction of refineries (or nuclear power plants, for that matter) economically impossible. They have succeeded. -- Jay Honeck Iowa City, IA Pathfinder N56993 www.AlexisParkInn.com "Your Aviation Destination" |
#80
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![]() "Jay Honeck" wrote: Jay, you simply have no idea. Really? I grew up in a city that hosted the largest tractor plant in the world (JI Case's "Clausen Works"), right on the shores of Lake Michigan. Ten thousand men worked there every day. Racine was also host to Modine Manufacturing, Twin Disc, Walker Manufacturing, and a hundred other smaller manufacturing plants. The skies overhead were black with soot, and the lake water was very polluted. Throughout the '70s, as more and more environmental laws were enacted, the air slowly cleared, and the water quality improved. And, one by one, each of these plants closed. The Clausen Works survived, at a much diminished capacity, until just a couple of years ago. It's now a great, barren, concrete and asphalt plain. Although a couple of those companies maintain a presence in Racine, their production facilities are long gone. Now, our Lake water is so clear, that the lake perch have been devastated by the salmon -- the poor things simply have no place to hide, because the water is actually *too* clean. And the boating is great -- for those few who can afford it. And all those jobs? All those families? All that infrastructure? All gone. Now, obviously, there's a lot more to the utter demise of the Rust Belt than merely environmental lunacy. The unions got greedy, and came to expect that a guy turning a nut with a wrench all day was really worth $60K per year. And management got fat and lazy, thinking that the gravy train would last forever. But if you don't think that over-the-top, complex and expensive environmental regulation played a major part in our economic collapse (and that is truly what it was/is), you are either a fool or you just haven't been paying attention. And now we're seeing it happen in the oil industry -- the very heart and mainstay of our economic system. We have seen the enemy, and it is us. Incredible. You have actually argued that gross pollution of the Great Lakes was acceptable. As for who is a fool and who isn't, your recent posts haver settled that matter for me. -- Dan C172RG at BFM |
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