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

To: Road Walker who wrote (322542)	1/24/2007 4:02:00 PM
From: tejek	Respond to of 1574053

re: From what I understand, ethanol production makes a blend more expensive and is only in gas where states mandate it. Does anyone else on the thread know? Bush is (purportedly) about to propose a 10 year growth to ~30%. Tim will be in pain... not free market. Do you know why there hasn't been a big push to fill the SPR other than for temporary political gain? It turns out if we had used the money spent in 1980 to put oil in the SPR and had instead invested it in US treasuries, we would have saved enough money to pay $312 for a barrel of oil today.....and then there is the cost of building and maintaining the storage facilities. And now for the coup de gras, the oil they are storing isn't refined by US refineries these days, so it would have to be shipped out to Caribbean refineries, processed there and then shipped back to us. Nice pimp, huh?