Double T
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Tue Aug-30-05 11:36 AM
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There is NO OIL SHORTAGE in the USA ; There is a REFINING SHORTAGE.... |
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I find the BIG OIL REFINING companies, that produce gasoline, to be the lowest form of corporate lack of conscience that exists. There is plenty of oil available for refining but the BIG OIL REFINING companies have engineered a limited number of oil refining facilities throughout the country and NOW in a time of crisis, these corporate scoundrels are PRICE GOUGING with the help of speculative investors. As usual, D.C. sits on the side lines, when it comes to BIG OIL companies and says and does nothing. How outraged are you?!?!?!
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NewWaveChick1981
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Tue Aug-30-05 11:41 AM
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Thanks to the almost total lack of maintenance and upgrades to refineries since the late 70s, let alone the lack of building new ones, there is no capacity to process the abundant crude oil here. It sounds like the way the Mob does business---siphon off profits and let the infrastructure crumble. Record oil company profits and skyrocketing prices should be a huge clue that consumers are being railroaded.
A few months ago, I heard an OPEC official say this exact thing---"Oil is not the problem. It's the American refining infrastructure that cannot handle the supply." He was right.
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Chocolatebison
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Tue Aug-30-05 11:44 AM
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2. Nobody wants new refineries in their areas anyway |
Triana
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Tue Aug-30-05 11:45 AM
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3. bu$hit is an oil tycoon... |
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..and Dems are spineless enablers. Whatdya expect?
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zbdent
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Tue Aug-30-05 11:46 AM
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4. The only shortage is really going to be |
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in the pockets.
The "refining shortage" ? I don't think so.
Remember all the previous calls for "releasing the reserve"? The Repukes kept saying "Well, it would take a month to process that oil anyway . . ." so the effect would be delayed, at best.
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bpilgrim
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Tue Aug-30-05 11:47 AM
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5. why is that, in our corporate dominated society? |
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because they KNOW there wont be enough supply to justify it in the coming years.
PEAK OIL
peace
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robertpaulsen
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Tue Aug-30-05 11:51 AM
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7. Bingo. And our country peaked back in 1970. |
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It's THE WORLD that's heading for its own peak of production.
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Zynx
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Tue Aug-30-05 11:49 AM
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6. Indeed. Even if we had 10 million bpd more capacity in oil, gasoline |
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would remain the same since we already are running our refineries at 100% capacity.
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rman
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Tue Aug-30-05 11:51 AM
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8. Don't expect conscience from corporations, |
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Edited on Tue Aug-30-05 11:52 AM by rman
it's not what they are designed for. (www.thecorporation.com)
What we should expect is for our conscience to be reflected in our government, resulting in socially responsible regulation of corporations.
If that would have been the case we would have started preparing for peak oil decades ago.
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SammyWinstonJack
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Tue Aug-30-05 11:54 AM
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9. And they did this why? So they could sell the oil produced in the US |
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on the open market for a tidy profit?
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DU
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Fri Apr 26th 2024, 08:39 PM
Response to Original message |