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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: NickSE who wrote (35603)3/19/2004 12:05:22 PM
From: Tom Clarke  Read Replies (1) | Respond to of 793800
 
The shortage is in the refining capacity. They simply don't build them anymore. It's been at least 20 years since a refinery has been built in this country.



To: NickSE who wrote (35603)3/19/2004 12:06:18 PM
From: michael97123  Respond to of 793800
 
Ghost,
Betcha that a beer will cost more than a gallon, come summer. I think the fall of the gas price will be well received by voters who will get its benefit just at vacation time. Every indicator says that i am wrong but i think it will play out that way. Where is iraqi oil going these days? US being bailed out by iraqi oil come June?? would be a nice gesture on their part. MIke



To: NickSE who wrote (35603)3/19/2004 12:37:51 PM
From: LindyBill  Respond to of 793800
 
I wonder if our friends in OPEC aren't trying to throttle back our econ. recovery and GWB's election chances.

Three problems. One, as Finn points out, is lack of refinery capacity. Caused by "NIMBY." (Not In My Back Yard!"). Second is a rise in field price caused by the dollar's decline. Third is the huge increase in China's purchases.


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