[DoughtyOne]

Frankly, I think we need more refineries. We have needed them for several decades. One refinery goes down, and it has negative ramifications clear across the nation.

We just had a refinery go down here in California. In short order prices rose over $1.00 per gallon.

That magnified the natural rise after crude rebounded.

I’m not industry savvy enough to address the light crude vs sweet crude issue. I won’t give you an alternative argument there.

[thackney]

I think we need more refineries.

We already refine more product than we use ourselves. We export surplus refined product.

One refinery goes down, and it has negative ramifications clear across the nation.>/i>

Again, government is the limiting factor and not the industry. We have a multitude of different blends and special receipies required in different location. When California lost a major refinery and had another major one shut down due to the strike, the price spiked.

You cannot take Texas gasoline and use it in California. The government restrictions limit the industry ability to move product where it is needed.

I’m not industry savvy enough to address the light crude vs sweet crude issue.

It is light sweet, versus heavy sour, and it is THE issue concerning the export ban. Otherwise, we would not notice it.

While imports have dropped, they have not dropped equally across the different types.