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Originally Posted by bradclark1
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Originally Posted by waste gate
I don't know if this has been pointed out but the US (and every major industrial nation) has a strategic oil reserve. Much of the current cost and shortages, when they occur, has to do with the lack of refinery capacity. Be the lack of capacity be due to different fuel blends or lack of refinery construction it is not the fault, nor is it the resposibility of any oil company to compensate for political decisions.
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You can't say that when the worlds economy is driven by oil. Like it or not oil is politics.
It cost's fifteen billion dollars and something like twelve years to make a refinery. Why would oil companies build a refinery when the way things are they get the most money by keeping the capacity they have and plead supply and demand. |
I think, although I don't know for sure, you forget about the enviromentalists who have dictated the current situation, and want to do so in the future.
My feeling is that you can blame the enviromentalists and warming alarmists for much of the cost increases.
Oil Companies are much too conservative to bring on internal changes. If you think you are paying too much or that there is a shortage of oil blame the politicians.
Oil companies move based on profit. Fifteen billion dollars would be two billion if it were not for the 'not in my neighborhood croud and the 'enviromentalist' occupied EPA.