You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #29: nonsense [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread		 This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
Texifornia Donating Member (399 posts) Send PM | Profile | Ignore Thu Jan-10-08 01:00 PM
Response to Reply #2
29. nonsense
If refining capacity were the problem, crude oil would be stacking up like cordwood as tankers could not unload and the price of crude oil would plummet.

Refined products are fungible. Crude is at $100/bbl.

The peak is not sharp because a great deal of Iraqi oil is not getting to market. It only serves to truncate the peak.

Building a zillion more refineries will not put more oil into the ground.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC