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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: russet who wrote (165977)3/21/2012 3:46:05 PM
From: t4texas   of 206178
 
the writer makes one fatal assumption that is key to the argument falling apart. that is the east coast area, mostly the northeast, is home to the not-in-my-backyard people and politicians. the refineries in the east have not been allowed to expand or retool to accept lower priced, high sulfur foreign oil over the years. those same people have made investing in upgraded refineries uneconomical. the closing of the refineries in the philadelphia area and other areas there are the result of years of not allowing investment, belligerence toward oil in their area, and yet seeing the oil companies cater to their needs. well time is up, and there won't be any refineries in that area to run the oil if an east/west pipeline were built.
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