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

To: DMaA who wrote (253334)6/6/2008 10:28:47 AM
From: John Carragher  Read Replies (1) | Respond to of 793669
 
refineries have been losing money in the last month or so.. look at their stocks.. demand for gasoline has taken its biggest drop since 70's.



To: DMaA who wrote (253334)6/6/2008 10:43:04 AM
From: DMaA  Respond to of 793669
 
Apparently people with several $billion to invest see an opportunity. I don't even see them asking for government subsidies for this. I'm just saying our governments should not stand in their way.



To: DMaA who wrote (253334)6/6/2008 12:26:51 PM
From: Snowshoe  Read Replies (2) | Respond to of 793669
 
BP wants to expand a refinery in Indiana to handle input from the Canadian oil sands region...

Group appeals BP Whiting refinery permit, plans to sue company
nwitimes.com

If all these refinery additions and expansions go forward, I think we'll end up with excess capacity. But we're over-concentrated in the vulnerable Gulf area, so it would provide a margin of safety.

Ultimately, I think the electric car will put a lot of refineries out of business.


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