In that case, I'm all for it. We are already using near 100% of the refining capacity. With 8-10% down because of Katrina, the others need to be operating at full capacity. If they aren't getting the crude they could refine, then opening the SPR is needed.
And while we are repairing these refineries, how about updating them to process heavy crude? It is cheaper per barrel. And why not use this opportunity to highlight the need for, and actually build more refineries?
I agree with you. And make one blend of each octane of gasoline. Quit screwing around with all the boutique fuels. This is a matter of national security.
etherealtruth (1000+ posts) Wed Aug-31-05 08:07 AM
3. No where!
There is not adequate refining capacity: http://www.washingtonpost.com/wp-dyn/content/article/2005/06/15/AR2005061502252.html
At least they finally recognize that we need refineries. But it's thier fault (the enviro-whackos) that there hasn't been a new refinery built in decades.
MercutioATC (1000+ posts) Wed Aug-31-05 08:30 AM
4. BAD idea.
The strategic reserve isn't meant to be used to artificially lower oil prices. What we're seeing is an issue of supply and demand. The situation will never correct itself if we do things like this.
And in the immortal words of PJ-Comix, this DUmmies almost wins a Kewpie Doll for a moment of mental clarity. I say almost, because while it is true that we shouldn't release oil to lower prices, this move is actually to head off a shortage. Now if only they could keep their stories straight. Prior to this, the DUmmies have been calling for releasing oil from the SPR specifically to lower prices.
I need to go take a shower.