Posted on 06/25/2008 3:05:45 PM PDT by Jim Robinson
bump!
There were multiple ANWR votes during the GOP majority rule. Senate RINOs defected to defeat the bills each time.
How does the free market determine what energy sources are worth exploiting? Price. If we want oil from oil shale, the price of gas is not going to be going back down as much as we would like.
not a single oil refinery has been built in the United States in over 30 years.
The current refineries are not operating at full capacity. If there were a shortage of refinery capacity, that would actually act to hold down the price of crude oil since the refiners are the demand side of crude oil sales.
the government makes roughly four times as much on each gallon as the oil companies do.
I think this is more accurately stated as the government makes roughly four times as much on a gallon as the owner of a service station. The oil companies themselves would be in a different line of work if they could only make a few percent profit after all that work.
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