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

To: bentway who wrote (391294)	6/15/2008 10:53:16 PM
From: combjelly	Read Replies (1) \| Respond to of 1577178

"because the oil companies have all the refining capacity they need." Sort of. Apparently the difference in price between sweet and sour crude has convinced the oil companies to invest in sour crude refining. Because that is what they are building here. But, you see, they don't really believe in the free market. They only play lip service. They see that there hasn't been a refinery built in 30 years and they immediately jump to the conclusion that it is a conspiracy by the Democrats as the reason. The fact that the oil companies were pretty sure the ROI would be lousy never entered their so-called minds.

To: bentway who wrote (391294)	6/16/2008 12:17:20 AM
From: d[-_-]b	Read Replies (2) \| Respond to of 1577178

"Democrats have consistently blocked all efforts to make it easier to expand petroleum refining. Instead, the Democrats have done all they can to restrain refining, and thus choke the supply (and increase the price) of fuels nationwide." This is total crap. Oil is more scarce, and thus more expensive, but still meeting the need of this country. The effect of so many blends has definitely had an impact on refiners trying to switch formulas and handle the laws that change faster than their plant equipment. Then there's that nasty supply issue the dems want to fix via a windfall tax - which I'm having a hard time figuring out how that helps. They are after all publicly traded companies and the share holders might not appreciate the plan to raid their companies assets.