Posted on 03/19/2012 6:44:11 AM PDT by Halfmanhalfamazing
Energy industry analysts say there's no relief in sight at the nation's gas pumps.
While prices jumped 6 percent in February, market experts said many of the nation's refineries have been idled or shut down permanently because their owners claimed they were losing money on them. According to the Wall Street Journal, Sunoco is expected to close another of its large refineries this July, "taking another 335,000 barrels per day in production capacity off the market."
(Excerpt) Read more at boiseweekly.com ...
The Boise Weekly. The Boise Weekly! That's who's covering the story! In any other outlet that I'm seeing covering this(including Fox) the shutting down of refineries is treated as some secondary matter? It's not hard to make this connection.
And nowhere do I see the role of government, Obama, Cass Sunstein, and regulation being highlighted.
How can coverage be this skewed, even in what's supposed to be 'our media'?
Your link is bad.
Do you have a working link to the full article?
Meanwhile, the drumbeat of Bolshevik Dictator Baby-Doc Barak continues to grow louder - - - .
the logo is humorous if not for the fact that this whole situation is a pathetic piece of SH*T.
See Charles Murray's book "Coming Apart" for the answer. The short and dirty is that "the media" is part of "the new upper class" which has isolated itself from the rest of America and has RADICALLY different (mostly eurosocialist) ideas.
We now have more refining capacity than we use. The many years of upgrading and expanding existing refineries, combined with our falling demand, has left us with an excess of refining capacity. We are now a net exporter of refined products (diesel, jet fuel, etc) because we make more than we use.
We still import ~9 million barrels per day of crude oil. The cost of the crude oil is the reason gasoline, diesel, etc is so high.
The thing about gas prices is, you can try and bury the news on page C12 if you want to, but people are aware, even people who don’t have cars and have to listen to people bitch when the want to bum a ride. Gas prices can’t be spun, seasonally adjusted or ignored. And the administration knows it.
And where is this added cost coming from? I suspect the Gov't is "there to help", once again. A company exists to create a profit, and if it cannot create a profit - it will cease to exist. Because these refineries are not closing down for "maintenance" - you cannot say that this is a huge big-oil plan to jack the price of gasoline up. When a plant permanently closes it's doors we lose capacity, we lose the ability to regain that capacity, we lose jobs and the price of gas goes up higher - increasing the cost of doing business - and causing further job erosion.
And, IMHO, we can largely thank the Environmentalists for this, as a huge amount of the cost of running these plants, is meeting goals arbitrarily set forth by a party without any financial interest in the success of these companies.
And where is this added cost coming from? I suspect the Gov't is "there to help", once again. A company exists to create a profit, and if it cannot create a profit - it will cease to exist. Because these refineries are not closing down for "maintenance" - you cannot say that this is a huge big-oil plan to jack the price of gasoline up. When a plant permanently closes it's doors we lose capacity, we lose the ability to regain that capacity, we lose jobs and the price of gas goes up higher - increasing the cost of doing business - and causing further job erosion.
And, IMHO, we can largely thank the Environmentalists for this, as a huge amount of the cost of running these plants, is meeting goals arbitrarily set forth by a party without any financial interest in the success of these companies.
so what’s next? Is Maxine Water’s dream of a “socialized” oil industry about to become reality?
From the rise in crude oil used to make the gasoline.
I don't think crude has gone up that much; its that our Dollar is so damn weak that we are "paying" more.
Perhaps skyrocketing fuel cost will be the 'national emergency' that triggers Obama's new executive order?
Just part of the Obama poverty dynamic. Deficit spending, record borrowing, unsustainable debt, war on carbon energy sources, dollar printing, unfunded entitlements, business killing EPA and Dept. of Energy rules and regulations, high taxes and look what you get.Fools a lot of people. Obama is the most evil and bizarre man to hold the Presidency. Given a billion dollar reelection fund directed at muddled voters in battleground states, combined with monumental fraud, this clown parade may continue.
I like that!! Baby Doc Barak!
Nobama has no intention of dropping gas prices..... until October. And then only back to $5.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.