BP oil find in gulf

Hurricanes to punish conservative Florida too.

And conservatives to punish Texas.
Even conservatives have their purpose.
 
uscitizen said:
Interesting. How can we really know what the truth is?

Another thought. Should states/govt build refineries if the oil companies won't?
Click to expand...

Query: if a refinery has a 30 wait for return on investment, will we still be using enough oil in 30 years to recover the cost of construction?......
 
PostmodernProphet said:
Query: if a refinery has a 30 wait for return on investment, will we still be using enough oil in 30 years to recover the cost of construction?......
Click to expand...

Obviously at least one company thinks so they are building one in north central america to process tar sand oil from Canada.

But that is the only one I have heard of being built in years and several have been shut down.
 
some progress recently, though the government keeps trying to block them...

Voters in Elk Point, South Dakota, have approved the construction of the nation's first new gasoline refinery in 32 years.
....
Hyperion must also win the approval of state and federal regulators, a process that requires over 1,000 separate permit applications and is expected to take several years.
Click to expand...
http://www.dailytech.com/SD+Voters+...New+Gas+Refinery+in+32+Years/article11984.htm

California Attorney General Jerry Brown has fired off a letter citing several concerns about the enforceability and adequacy of the final environmental impact report on Chevron's proposed upgrades to its Richmond refinery.

In a letter dated March 6, Brown stated that the final environmental impact report prepared for the project failed to adequately define how the proposed project's additional 898,000 metric tons per year of greenhouse gas emissions would be mitigated to zero, what those mitigation measures would be, where they would take place and how they would be enforced.
Click to expand...
http://cbs5.com/business/Chevron.Richmond.refinery.2.674387.html

A federal judge has denied the Quechan Tribe's application for a preliminary injunction against a transfer of land for the proposed oil refinery in eastern Yuma County.

The tribe had sought the injunction, claiming that the defendants had violated federal laws by failing to adequately analyze the transfer's potential impact on environmental and cultural resources.
Click to expand...

http://www.econbrowser.com/archives/2007/06/a_new_us_refine.html

of course, we all know the only reason refineries aren't being built is that the oil companies want to get rich, right?......
 
PostmodernProphet said:
some progress recently, though the government keeps trying to block them...





http://www.dailytech.com/SD+Voters+...New+Gas+Refinery+in+32+Years/article11984.htm


http://cbs5.com/business/Chevron.Richmond.refinery.2.674387.html



http://www.econbrowser.com/archives/2007/06/a_new_us_refine.html

of course, we all know the only reason refineries aren't being built is that the oil companies want to get rich, right?......
Click to expand...

Not all no, One expansion and refineries in the planning stage. In what 30 years?
 
uscitizen said:
And we import a lot of refined fuel.
Click to expand...
Which changes nothing. What return do you expect to get? The reality is the refineries we have will continue to improve efficiency, a new one is too costly and there would be little return on the investment. When it is cost effective, companies would build new refineries, it isn't the only way one would be built.
 
Damocles said:
Which changes nothing. What return do you expect to get? The reality is the refineries we have will continue to improve efficiency, a new one is too costly and there would be little return on the investment. When it is cost effective, companies would build new refineries, it isn't the only way one would be built.
Click to expand...

Cost effective to whom? Profit making oil companies? Or to US consumers?
 
uscitizen said:
Not all no, One expansion and refineries in the planning stage. In what 30 years?
Click to expand...

no comment on the 1000 permits required to build?.....nothing about the environmentalists filing multiple lawsuits to delay construction?......obviously you only allow one villain per fantasy.....
 
Damocles said:
Both, the cost to build a new one would pass to the consumer and would have minimal benefit.
Click to expand...

Under the current situation. But do you expect that to stay they way it is in the future?

right now our production is in too few locations and one hurricane, refinery fire, etc and we all pay in one way or another.
 
Damocles said:
A 25% increase in production with current refineries as opposed to those of even 1 decade ago. What do you want to spend the 3 Billion on?
Click to expand...

I wonder how much of that $3 billion is for lawyers to process the 1000 permit applications and defend the multiple lawsuits filed by environmentalists......
 
You must log in or register to reply here.
Back
Top