Posted on 04/12/2008 1:23:09 AM PDT by Exton1
Energy Policy: When America's biggest oil refiner contemplates putting almost a third of its refineries on the market, Congress should sit up and take notice.
Valero will probably sell three of its 17 refineries this year and maybe two more later to focus on its core operations amid what CEO Bill Klesse acknowledged on Tuesday is a weak economy.
Downstream, refiners are hit by not only high energy prices, but also bureaucratic regulations, environmental lobbies and special interests that make moving to Asia, where economic growth is still valued, more attractive.
Mandates requiring certain ethanol percentages in gasoline composition are chopping down refiners' market share at the pump.
(Excerpt) Read more at ibdeditorials.com ...
In my neck of the woods E85 sells for $3.15 while gasoline (having knock rating of 87) sells for $3.389.
We NEED to drill ANWAR. We should have already drilled ANWAR! No two ways about it. That would give us a chance to make a smoother transition to a carefully considered alternative fuel source, instead of just jumping around, willy nilly, from one impractical, unsustainable, fuel source to another.
Heck, we need to drill the heads of congress for brains. If we can't find any, we need to chase them out of the capital at the ends of pitchforks. This entire situation has been manufactured by our very government at the hands of those who bow to socialist interests over the good of our people and our nation.
I enjou what you said, but that being said, a HUGE energy issue is still at ahnd.
It would seem to me that you guys are living in some dream world.
As much as you WANT it, the reality of the matter doesn’t appear to match you ideals.
Spell check is your friend.
That being said, the morons in congress ARE the energy problem.
There is plenty of oil. The problem is the dhimmiecrat congresscritters who want to regulate everything to do with finding, producing, refining, and selling it until it is no longer profitable to do so.
Like it or not, this world economy runs on petroleum products and there is no viable alternative to oil for energy production right now.
Leigh Price, a USGS scientist, authored a study before his death in 2000 estimating that the entire formation, which extends into Saskatchewan and Manitoba, may hold up to 500 billion barrels of recoverable oil, an amount that dwarf's the 16 billion barrels in the Arctic National Wildlife Refuge (ANWR).
I would imagine that the refineries will close and have to move.
They are already operating at a razor thin profit margin. (under 10%) Add to that, the Democrats, using their taxaholic tendencies, through windfall, environmental, alternative energy taxes, to give to an industry that takes more than it gives, and you spell utter economic disaster.
As the refineries close, and China or South American countries welcome them with open arms, America snaps it’s attention away from Football, NASCAR and American idol for only a nanosecond, to elect more Democrats who they heard for 15 seconds on some News Channel, say they will make it all better. And since the Media is behind them, what ever they say, will be believed.
That is, until the economy goes into rigor mortise. Then and only then, will the idiot Lemmings of the ignorant masses of American stupidity, wake from it’s coma.
and demand more and more government handouts and programs to cover their losses until there is little wealth left to tax and everyone lives in the commonly shared misery of a third world socialist cesspool.
Bend over, because without a real fight, its coming, and that is the agenda.
The democrats and republicans are both, hand in hand, pushing our nation into the abyss.
SPOT ON!
What does bread and beef sell for?
The very thing that is driving away our energy producers is the false belief that our World is dying because of industrial/economic progress.
Forcing our most vital industry to fail is seen by them as a victory and convinces them that they have been right all along. They will go even farther in the belief that they are replacing the lost, Earth killing industries with many more profitable ventures, based on saving the environment and the Earth.
They have given absolutely no thought into the basic economic principles of their ideals. They have assumed that the economy will boom as the result of them having defeated what they see as pure evil.
They are about to learn a lesson in Global economics they had never even dreamed existed.
What’s even more ironic, is these people are mostly College educated. Which pin-points the source of the initial problem.
In order for these sorts of ideas to take hold, they must have support amongst the masses and that starts in the gubmint indoctrination centers, er, uh, I mean pubik skools. It is sickening to see what is being force-fed to the kids coming up nowadays......
[...idiocy that these idiots are driving out the essential industries that provide the foundational cornerstone of our national economy. Then again, the socialist don’t want our nation to prosper, they want it to die.]
And we can do nothing but watch as America is destroyed from within by the politicians and the deceived.
"moving to Asia, where economic growth is still valued"
Since The Arab Embargo of 1973 caused great concern for two branches of the United States government, they have been working on a "Energy Policy".
Today, 35 years later they are still working on some sort of mythical energy policy that will get them reelected.
Perhaps they should try Capitalism.
.
[Perhaps they should try Capitalism.]
Capitalism is a dirty word to the politicians of America as they intend to takeover and run all buisness, we have but to look overseas to see the truth of what is coming. But all we do is talk.
I see this as even more serious than you guys have stated.
Our country is returning to the days when it was a source of raw materials for England, just as Africa and the Near East has been a source for everyone during our lifetime.
The raw materials will be, as they have been in the examples above, removed from our country, processed in other countries and then sold around the world.
Of course, history seems to indicate that the real profits are made and the resulting increase in living standards is made in the country that does the manufacturing, not in the countries from which the raw material is extracted.
Further, when we have no refineries, who will control our destiny, our world influence? He who can shut off our access to refineries or bleed us for access to them.
This will be a turning point in world history as great as that of WWII because it will be the beginning of the end of the USA as we know it.
CSSJR
If we do not wish to lose our freedom, we must learn to tolerate our
neighbor’s right to freedom even though he might express that freedom
in a manner we consider to be eccentric.
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