Posted on 10/27/2013 3:13:00 PM PDT by ckilmer
How about if refinery capacity gets maxed out, we see refineries do well because the crack spread (difference between refined and raw products) goes up? And then, after a few years, we see some EPA relaxation allowing new refining capacity to be built?
Anybody who thinks the price of oil will drop has not been paying attention to the Iranian nuclear story. They go nuclear NO oil will leave the Persian Gulf unless they get paid to let it go. That fee will be high.
In December of 1941 the Japanese attacked Pearl Harbor. At that point our military could only be described as woefully inadequate due to political considerations.
Our great nation mobilized. Our factories built planes, ships, tanks and the arms of war. If we lost one we built three more. Four years and 8 months later Japan and Germany were smoking cinders with a population that had been beaten and subjected. We did not treat the defeated as serfs nor enemy. We rebuilt the nations of our former enemies. Today they are our stout allies.
The point is our great nation can do just about anything necessary if the political class will get off our backs.
Dropping the export ban to keep oil prices high will not be a popular vote in Congress.
The greatest threat remains—the democrats.
Dropping the export ban to keep oil prices high will not be a popular vote in Congress.
........
I don’t know what I think about the matter either.
The trouble is that the USA has plenty of refining capacity. but much of it is not designed for light sweet crude which the USA is now pumping up. But rather heavy sour stuff.
I don’t know why the refiners can’t convert their refineries so that they can handle the light sweet crude.
We’ll see.
/johnny
When I opened this thread, I was thinking JugEars.
Still might not be a bad idea. Somewhat higher gas prices but more exports, jobs and earnings. Might be time to live up to our free market talk.
Hint: ‘Hussein’
The quietest thing going on in the Bakken right now is a move towards automating drilling.
That would eliminate that annoying employment boom in the red states of ND and TX.
The BIGGEST threat to ALL industry in America including the oil
industry is the government. Especially the current administration
and the all out war it is waging against America in their quest to
destroy America.
Agreed.
And that sure seems to be a situation where no country is willing to take a stand.
I agree with what you said.
Free enterprise is not popular with Congress.
While it’s true that no new refineries have been built in the US since 1976, there has been expansion and modernization of existing refineries. Just driving down I-37 in Corpus Christi, this week I saw lots of new facilities being built in the refineries.
Stop posting to me.
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