R
Mark Hickey wrote:
> Maybe I worded that ambiguously, but the fact remains that doubling
> our crude oil input wouldn't increase our creation of finished
> petroleum products to the end user (as evidenced by the refinery
> shutdowns due to the recent gulf hurricanes). To keep from having
> supply-related spikes to the consumer, you have to have enough
> capacity of crude AND refinery capacity. Shut down more than a few
> percent of either and the end result will be the same (to the
> consumer, that is...).
There are reasons why oil companies aren't
building new refineries, and lack of cash
aint one of em.
R
> Maybe I worded that ambiguously, but the fact remains that doubling
> our crude oil input wouldn't increase our creation of finished
> petroleum products to the end user (as evidenced by the refinery
> shutdowns due to the recent gulf hurricanes). To keep from having
> supply-related spikes to the consumer, you have to have enough
> capacity of crude AND refinery capacity. Shut down more than a few
> percent of either and the end result will be the same (to the
> consumer, that is...).
There are reasons why oil companies aren't
building new refineries, and lack of cash
aint one of em.
R