But get that past Congress, ELF/ALF/Greenpeace etc....
Exactly. Also, it would be interesting to know the dates when these refineries were built. I think this industry is falling into the same pattern as the steel industry: We're trying to compete with outdated capital. Some US steel plants were built in the 1890's and can't compete with modern foreign competitors (e.g., Japan and Germany, whose capital stock was bombed into oblivion during WWII and replaced with more modern capital).
The same ones that make all the profits off oil, it's their business.
When they say it is a shortage of refineries is the reason for higher prices it is just another lie and excuse for their greedy monopolistic price fixing scams on a dumber than dirt John Q.
These Companies have always controlled every aspect of this vital product from exploration,drilling, pumping, refining, selling and now pricing. When you have no legitimate "competition" our so called "free market" cannot exist.
It is business competing with each other that causes things to grow and expand and build such things as refineries. It competition that drives research,development and helps control prices.
It is not a free market supply and demand that is driving these prices but a monopolistic "controlled" one.
The cost of oil and all that it effects, which is pretty much everything, not just the price at the pump, but things like heating ,cooling ,food, medicine, manufacturing is nothing but out of control greed.
Don't expect these companies to build anymore refineries or do anything else that would decrease their intake of dollars. Why should they?
Uncontrolled greed is one of the most destructive forces in existence,whether in a person, business,or government.
It already has and is going to continue to hurt this country and everyone in it.
1Ti 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
The same ones that make all the profits off oil, it's their business.
When they say it is a shortage of refineries is the reason for higher prices it is just another lie and excuse for their greedy monopolistic price fixing scams on a dumber than dirt John Q.
These Companies have always controlled every aspect of this vital product from exploration,drilling, pumping, refining, selling and now pricing. When you have no legitimate "competition" our so called "free market" cannot exist.
It is business competing with each other that causes things to grow and expand and build such things as refineries. It competition that drives research,development and helps control prices.
It is not a free market supply and demand that is driving these prices but a monopolistic "controlled" one.
The cost of oil and all that it effects, which is pretty much everything, not just the price at the pump, but things like heating ,cooling ,food, medicine, manufacturing is nothing but out of control greed.
Don't expect these companies to build anymore refineries or do anything else that would decrease their intake of dollars. Why should they?
Uncontrolled greed is one of the most destructive forces in existence,whether in a person, business,or government.
It already has and is going to continue to hurt this country and everyone in it.
1Ti 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
No to mention a need for having the majority of our refining capacity not to be located within walking distance of each other next time a hurricane hits.