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Originally Posted by DaX
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Originally Posted by zpiloto
I thought that the real problems lies in the fact that the oil companies stop building refiners 10 years ago because of the environmentalist and regulations. It's not that the oils not availiable it's just that the can't refine enough to keep up. Drilling in Alaska is not going to solve the problem it would take a few years to get it going.
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Hasn't it been more like 30 years since the last refinery was built in the united states? |
And it will be even longer. I recently heard a radio quote that "no business wants to make a $5 billion gamble on developing a new refinery with such uncertainty in the gasoline market."
That sounds like a catch 22 to me. The gas market is uncertain because of supply issues that would be addressed by new refineries.
Besides, we now annually donate $14 billion in tax money to big oil in subsidies, royalty waivers and drilling incentives. After over $50 billion in profits last year I would think money shouldn't be the issue. But wait, big oil <strong>owns</strong> our government: atleast the legislative and executive branches anyway. They can gouge us with impunity.
I agree with the conservation idea but it's up to us consumers.
rh77 
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