Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (225604)	3/21/2005 9:54:55 PM
From: TimF	Read Replies (1) \| Respond to of 1572942

There isn't that much extra security risk to having a substanial part of the refining overseas, a lot of the oil comes from overseas anyway. Most likely the refining will not be done in a place that is more volitile than the Middle East. Between the people employed and the tax base, there is a lot of weight. What people and tax base? We aren't building any new refineries here, so there is no lost expansion, and the old ones will not just go away. OTOH a lot of people and a lot of the tax base will be hit by gasoline prices. If you try to put barriers in place that greatly raise the gasoline prices than you will get a big backlash. Tim