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Politics : View from the Center and Left

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To: Katelew who wrote (71615)	6/11/2008 3:26:25 PM
From: Triffin	Read Replies (3) of 541768

With capacity having expanded only 12.9% over a ten year period, can we assume the gasoline demand has only increased by that same relatively small rate? Nope .. it's been greater than that .. That's domestic refining capacity .. Gasoline is a fungible commodity .. There's no real reason to have a domestic refining capacity in excess of our domestic crude oil production which runs roughly 5.5 mbpd .. We can either import crude and refine it here or import finished product .. We do both .. a lot !! Triff ..

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