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[quote]QUOTE: Originally posted by CG9602 [quote]QUOTE: Originally posted by eolafan Part of the problem is that no new refineries have been built in the last 25 years stateside. Once upon a time, the petroleum companies were allowed to writwe off depreciation of their refineries. Once this allowance was removed by the Carter Administration, there was a serious financial discouragement to build new refineries, or even to upgrade and add capacity to the existing ones. The demand has increased, but there is a major league bottleneck in the supply chain. The refineries have a challenge producing the 40-odd blends of gas that are mandated by law here in the States. [/quote] We can thank many tree huggers and green peace types for not allowing companies to start up new refineries. I some times wonder if they have a different agenda. [quote]Also remember that China and India, 2 nations with populations of over 1 billion each, have been industrializing. This places more demand upon the existing market of raw petroleum. [/quote] The answer to that is one of 2 or both, stock holders demand they bring the manufacture and outsourced jobs were the belong, or we quite buying at Walmart, look for US made products only and send a message back to those stock holders that don't care about our economy. If Chian and India didn't have that new source of income, then they wouldn't be able to buy new cars or the gas that goes in them. I for one am a little tired of NAFTA and CAFTA. Seems we aren't seeing a fair balance in the treaties. [censored] [soapbox] [censored]
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