Posted on 03/13/2008 5:25:14 PM PDT by Kaslin
Ethanol is the government’s favorite child. Each gallon of ethanol is supported with a $0.50 tax credit and $0.51 tariff. Our ethanol program would make an old Soviet Commissar of Agriculture proud.
That's because ethanol is Good and oil is Bad.
Valero plans $2.4 billion Port Arthur refinery expansion
http://www.mysanantonio.com/business/Valero/stories/MYSA022808.valero.EN.7dfef86.html
02/28/2008
David Hendricks: Valero’s strategy aids bottom line
http://www.mysanantonio.com/business/Valero/stories/MYSA030108.01D.hendricks.2e111e7.html
02/29/2008
You’d think that our oil companies would have long since realized that a generous supply of oil and it’s refined products keeps the consumers happy.
And that when that doesn’t happen, the consumers get cranky. Cranky consumers who then complain to Congress.
Furthermore, you’d also think that our oil companies would realize that ANY time Congress gets involved in ANYTHING, they royally screw it up.
But no, they don’t ever connect the dots. Which is why we’ve had Congress royally screw up our oil industry repeatedly over time.
If I ran Valero, I really wouldn’t want government interference - so I’d do whatever necessary to keep them out.
Course, that’d mean that I’d increase the company’s oil production and refining capabilities to slightly exceed demand... but hey, what do I know?
It’s not like I’ve got a PhD in business or economics or nuthin’. So I must be wrong.
Yep, Valero is doing a much better job than I ever could! Selling off capabilities, drawing government attention... wooo, I’d never have thought to try that.
Silly me.
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