Re: Motivation for the Oil Barons

On Jun 5, 2:54 pm, DB <a...@[EMAIL PROTECTED]
> wrote:
> Fred Weiss wrote:
> > On Jun 5, 12:11 pm, DB <a...@[EMAIL PROTECTED]
> wrote:
>
> >> Now, the truth is that 'they' don't want to build new refineries.
>
> > Hyperion obviously does...
>
> And has nothing to do with your comment:
> "But this is precisely why we have not had a new oil refinery built in
> the country in 32 years."
>
> A bald face lie. Bother to research your claims before you make them.

Maybe you should.

"No new refineries have been built in the US in the past 25 years. And
petroleum industry experts say anyone would have to be crazy to launch
such an effort -- even though present refineries are running at nearly
100 % of capacity and local gasoline shortages are beginning to crop
up." Datamonitor

http://www.gasandoil.com/goc/news/ntn12966.htm

"The last refinery to be completed in the United States was in 1976,
and Mr. McGinnis knows all too well that community and political
opposition squashed earlier projects. His proposed refinery in Arizona
has already been forced away from its original site near Phoenix, in
2003, after the state considered expanding the city's clean-air
limits." - CorpWatch

http://www.corpwatch.org/article.php?id=12227

"...government policies have contributed to higher prices by reducing
domestic refining capacity, which has limited the supply of gasoline.
No new oil refineries have been built in the United States for almost
30 years, and many refineries have closed.  Building new oil
refineries or expanding existing ones is among the most affordable,
effective and reliable ways to increase supplies of gasoline and
diesel fuels and to lower prices.

Unfortunately, environmental regulations, requirements for so-called
boutique fuels and mandates for ethanol have raised the cost of
building new refineries.  Increasingly, it is cheaper to im****t
refined petroleum products instead of producing fuel here.  The energy
bills currently being considered by Congress are likely to discourage
new refinery construction rather than encourage it.  These policies
will not lower prices at the pump or increase energy security." - NCPA

http://www.ncpa.org/pub/ba/ba603/

I didn't even have to work hard to find these citations on Google and
I barely went half way down the first page.

Fred Weiss