Re: Motivation for the Oil Barons

On Thu, 05 Jun 2008 20:40:47 -0400, Les Cargill wrote:

> DB 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.
>> 
>> 
>> http://www.eia.doe.gov/emeu/finance/mergers/refcap_tab1.html
>> 
>> The industry has been consolidating for decades. If they need more 
>> capacity they will expand existing installations. They don't need to 
>> 'build more refineries'. This usenet folklore about, "Environmentalists

>> won't let them build more", is so much crap. Grow up.
> 
> 
> As hard as it may be to believe, oil companies have faced
> declining margins and have been able to do little investing in
> new technology beyond production/exploration since
> 1983.
> 
> "Oil companies" mean producers in this, not leaseholders.

Yes....  There is a difference.  I wonder how they do that internally.  I
don't even know if the refineries are owned by the oil companies.

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