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To: Amy J who wrote (182525)	11/4/2005 6:18:12 AM
From: John Carragher	Read Replies (1) \| Respond to of 186894

Amy look around you. congress and green folks cost us jobs, industry. how many fertilizer companies do you think are closed or moved over seas, how many chemical companies. The deposits off the carolina coast are estimated to be huge. Why anyone in their right mind would block drilling , enjoy the tax money from selling the rights to drill, create jobs in the location to service those rigs, is amazing. Look at the wells in east coast and those off west coast , fishing is better, not worse. people are so blind. they let the electric power industry switch to natural gas a source for home heating (in short supply and now uses 35% of total eyc) to burn vs cleaning up the smoke stacks and put in equipment so they could burn abundant coal and at the time heavy 6 oil cleanly. Where are the people in new england to allow lng plants in fall river mass, boston, rhode island, maine. no instead we have four plants going up in nova sco, new bruns, jobs jobs jobs new england will never see and yet, the canadians will pipe down to them the natural gas and these people will pay a premium for. cape cod, nantucket our senators in ma. will not let clean power , wind mills be installed seven miles off the coast because it will destroy the view. xom sold their gasoline below wholesale prices a major reason why the revenue came in less than analysts predicted. sure huge volume but they did cut their profits. they have no control over how distributors or service stations price as they are independent businesses. refineries were losers for last couple decades. same with resale marketing, often ceo's of large international oil companies were encouraged to sell off the refinery business and marketing end of the business. keep exploration and drilling. Well, with the laws passed in early 80's that said you couldn't even maintain the refinery unless you fixed up the whole refinery, guess what happen .. numerous refineries were sold or closed. The companies who bought those refineries, cut jobs by 1/3 or 2/3 thirds. The profits today are not historical. if you expect these companies to drill in deeper waters, take higher risk or drill further into russia etc then they need bucks. either they keep the bucks to reinvest or they do not explore. instead they will cannibalize each other to live for another day. we will see more consolidations as it will be cheaper to buy the assets of small companies vs drill. in the end we will pay again in another decade. You will never enough alternative fuels to make up the difference in loss of available oil in the next couple of decades. see ya