Gasoline (and soon please God, Diesel) is the lifeblood of our country. At $3.50 per gallon, it is also killing us, business, and everything else in Obamaland.
How soon until we get back to reasonbly priced American-sourced fuel? Where are the new refineries? Until we get the green Left wing assklowns of the EPA and the Obamanauts off'n our arse and get back to normal activity, we are economically SOL. I know we'll never get back to "cheap" gas, but a fair supply and demand price strikes me as around $1.50. As far as supplying the CHICOM, screw'em. Let'em deal with OPEC on their own. They run it now ... so what's the difference.
We have Mexico on our team, Canada, Brazil, and when Fidel dies Cuba, plus our own immense domestyic resources. So, why this agopny at the pump.
On the price of gas alone The Mombasa MF should have been shut out of the WH. I do not understand 53% of those what are supposedly my countrymen.
How soon until we get back to reasonbly priced American-sourced fuel?
Its easier to predict imho that USA oil production will keep increasing by about 1 million barrels a day for at least the next two years according to the iea. (I think that the USA will continue to increase oil production by 1 million barrels a day at least through 2018 and maybe through 2020 because of massive easily accessible oil in the Permian basin plus surprises elsewhere.
Somewhere 2-5 years from now prices at the pump should ease by up to a dollar. Trouble with oil is that unlike natural gas—prices for oil are set by worldwide demand. Right now worldwide demand is huge and growing. The USA is one of only a few countries with growing production. Many others are seeing their production falling. So it will be a couple years before supply catches up with demand.
Where are the new refineries?
This was always a false report. Its always been cheaper for the refiners to add new capacity to their existing plants than to build a whole new plant from scratch.