Gas Prices Soar as Refiners Cut Production

venturacountystar.com ^ | April 5, 2008 | John Wilen

[petercooper]

bttt

[RandallFlagg]

Would you format those for printing, and post at a download site for us?

I'm at work now and can when I get home. Which site would you suggest I use? I haven't done that for quite some time and all of the old sites I used are gone.

[Eighth Square]

What we need now is the creation of a new federal dept which will employ tens of trillions of brain dead gummn’t employees distributing umpteen billion new regulations which will ect. ect. ect..............sigh

[Lazamataz]

I visit two small refineries in Los Angeles about a month ago that were both shut down due to horrible crack spreads.

Drugs are a blight on America.

[hdstmf]

“This is caused almost entirely by leftie environmentalists”

100% right. Take a closer look at the situations they cause. You will quickly understand their impact on middle east and other world conflicts. They want to “save the planet” by destroying civilized society. At least for everybody but themselves.

[Smokin' Joe]

We see the same thing with our lousy congress folks call oil barons on the carpet. All we get are insults to our intelligence.

Considering that from the price meltdown in 98-99 as the result of an erroneous EIA report which anticipated a worldwide glut of oil (somehow they forgot Asia), the stripper wells which were plugged, the obstruction of drilling at every turn by Federal, state agencies and legislatures, I'd say the congress investigating the "oil barons" is about like a group of muggers investigating why the victim wasn't carrying enough money to buy them all a steak dinner and drinks afterward.

Government is the problem, not the solution.

How come the magnanimous Congress hasn't cut their chunk of the pie? They took in a bunch on fuel taxes without ever risking a dime of their or their stockholders' money.

[Smokin' Joe]

Hell, why not just pull the plug, shut down all the refineries, and let the pencil necks in Washington and Sacramento operate the refineries.

LOL! Then there'd be a firefighter shortage...

[papasmurf]

If you do them up, I’ll host them for you on my ftp.

I’ll send you a FReepmail with my email add’y.

[TLI]

make that four! Check your freepmail.

Thanks!

[dragnet2]

To bad 80 percent of the vehicles nowadays are not even high enough to crawl under, let alone put a 5 gallon gas can under it.

Again, if prices continue to rise, syphoning fuel crimes will be the least of our worries.

[Let's Roll]

“I think this is the time of year when refineries have to shut down to switch over to, what I call, the “Summer Flavor” of gasoline to satisfy the EPA and state regulations.”

I think you’re right but, although refiners were blamed in the headline, did you see your explanation anywhere in the story? Yep, those greedy refiners just cut production for capricious unknown reasons.

[Syncro]

5

Please

Thanks

[bmwcyle]

BTTT for printing at work

[Schwaeky]

Two words..

Gas Riots.

Gas is the new bread..

[TimPatriot]

It would be nice if the republican “leadership” highlighted and pounded this point instead of suggesting alternative energy subsidies.

Amen to that. I don't think the likes of McCain & Gingrich understand that the common sense of it would resonate with many voters. Lowering gas prices by developing more domestic production and refinery helps all Americans. Convincing everyone of a lie about how we are putting the planet in peril helps no Americans except those who profit from foolish businesses and politcal fear mongering. You would think a so called common sense "maverick" like McCain, could see the simple truth. I hope McCain sees the light eventually. At least he might, where the two Democrats will never.

[Syncro]

Those are great

Can you post them in a readable/printable format?

Thanks

I'd like to tape them on every gas pump within 3.7k miles

[FightThePower!]

It makes me so happy to the the price of gasoline rising—I’m invested in it.

Federal Reserve can pull out all of the financial stops and play all of the games they want. They can fudge the inflation rates, print tons of money and bail out banks that make bad business decisions. But none of these games creates useful things like gasoline, wheat or oil. It makes me laugh to think off all of the poor people that vote for Democrats who won’t let us do anything to add supply and bring down energy prices. It will be funny to watch them need to decide between food and gasoline when a loaf a bread is $8 and a gallon of gas is $10.

[Thoro]

All this talk of domestic drilling is slight of hand to misdirect our attention at what is truly causing the price of energy to skyrocket, the systematic dismantling of the value of our $$$$dollar, and rabid speculation on the commodities exchanges.

That's pretty much the point of another article posted here. Although everything that's been mentioned so far in this thread(no more drilling, too many blends, regulations, etc) is a factor, imo; it's the declining dollar and more importantly the rabid speculation of commodities that are the big two factors.

From the other article:

"As for the speculators, in 2000 approximately $9 billion was invested in oil futures, while today that number has gone up to $250 billion. Now, if any publicly traded company had an additional $241 billion put into its stock in the same period, its stock would rise out of sight too—even if the company was not worth anywhere near that amount of market capitalization."

I ask again like I asked in that other thread. What's going to be the catalyst to get this futures market bubble to burst? It's long overdue.

[RandallFlagg]

WOW! I had no idea there were so many here interested.

I get home from work tonight at about 19:30 Mountain Time. I’ll take care of all of you then when I get to my home PC with the file.
Thanks!

[Cicero]

Not every Californian is responsible for the problem, but the state government is deeply responsible. They started the whole gasoline additive business, and the stricter pollution standards, and they have prevented companies from producing enough energy in state, so they rely on neighboring states for their power. No new refineries or power plants, no drilling offshore, and then blame some company in Texas for overcharging them.

Other states have followed California’s example, but they took the lead.