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

To: Jim McMannis who wrote (286165)	4/29/2006 11:57:37 PM
From: longnshort	Respond to of 1570549

the dems don't care about america, only about getting power back so they can continue their push for socialism

To: Jim McMannis who wrote (286165)	4/30/2006 12:22:35 AM
From: combjelly	Read Replies (1) \| Respond to of 1570549

"Now you have to pay Lawyers more than the construction workers to build a new refinery." Maybe. But that isn't the real constraint. The real constraint is the companies don't want to expand their refineries. Why not, you ask? The reason is peak oil. While we likely aren't there at the moment, we will be before the 30 or so year amortorization that you need for a refinery is up. If you can't get the supply to run a refinery at 100%, 24/7, you are losing money. We haven't built a new refinery in this country for decades. The simple reason is that it isn't cost effective. Environmental reasons are just a factor, and not the biggest. Likewise labor. The biggest factor is risk. Is consumption going to go up or down? Conservation and other factors are unknowns. Sure, as the present administration shows, politicians can be bought. But they can't be bought reliably for very long. And the majors have a long horizon. Much longer than election cycles. They have to.

To: Jim McMannis who wrote (286165)	4/30/2006 2:53:37 AM
From: bentway	Read Replies (1) \| Respond to of 1570549

"The Dems have been stonewalling drilling ANWR and off he continental shelves for 25 years. " I agree with you Jim, but I think it's a GOOD thing. Leaving it in the ground offshore and in Anwar is an INVESTMENT. Oil isn't going to get cheaper - the longer we leave it in the ground, the more it's worth. It's really the CONSERVATIVE thing to do with it!