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That has drawbacks too. If you reduce your own supply capability, you lose market share to your compe ion.
I understand you're upset and emotional right now, but you deserved it.
That has drawbacks too. If you reduce your own supply capability, you lose market share to your compe ion.
market share!
Well, the larger oil companies were selling off or shutting down their refineries for years, so it must not have been that bad an option.
I understand you don't want to acknowledge that your supply/demand argument about the refineries is totally lame and the real reason for the high cost of gas is the high cost of crude.
US refineries on average get 19.5 gallons of gas from a barrel of oil. Do the math with WTI oil at $108. THERE'S your high cost of gas at the pump.
They have been shutting down some facilities while upgrading and expanding others.
It's not lame at all. It's all there in that first post I reposted because you didn't know how to read a time stamp.
Sorry if you still don't get it after a full day of posting from work.
And reducing the portion of their business that is refining overall.
Yet they keep up with the demands. how is that possible?
You cannot prove capacity is decreased for raising price. I see their consolidation of operations simple the same as what some other corporations do over time. I wonder how many facilities might have been pushed out by the people of the region and environmentalists. Then with tighter and tighter regulations over time, it is cheaper to build a new facility than retrofit an old one sometimes. Now combine that with the difficulty of approval for a new site. It only makes sense that they expand on existing sites, and they do.
Well, I'm self employed and can post guilt free if I want to. Can you say the same?
And your original post that you reposted sure seemed to blame the oil companies closing refineries and exporting gas for creating a supply/demand imbalance in the US causing high prices at the gas pumps...I didn't see a single word about the high cost of crude.
Demand went down. Now it's coming back up.
Yes actually -- though I never post from work, braggart. Not productive.
Nor did you see me exclude them as a factor.And your original post that you reposted sure seemed to blame the oil companies closing refineries and exporting gas for creating a supply/demand imbalance in the US causing high prices at the gas pumps...I didn't see a single word about the high cost of crude.
Half truths!
Is it? Are the 2012 numbers really up?
Well, you've certainly proved me wrong with numbers that stop at mid-2011.Is it? Are the 2012 numbers really up?
I asked in the post if you had more recent numbers. Do you have reading comprehension problems?Well, you've certainly proved me wrong with numbers that stop at mid-2011.
Thanks, was just about to post that. If we expect it to stay low during the purported recovery, I haven't seen that prediction.I asked in the post if you had more recent numbers. Do you have reading comprehension problems?
way to duck and dodge...
Why would US demand be the sole factor? Oil is a global market. If Chinese demand increases, we'll take a hit here at the pump in the US...
Oh, and:
China’s surging oil demand could pump up prices
ditto war with Iran
You'll notice I was talking with WC. I didn't realize I needed to anticipate your butthurt ankle biting in advance.
way to duck and dodge...
Besides, you're whole schtick today was that I claimed an industrywide conspiracy to shut down refineries to increase gas prices. Glad to see you have realized your stupid mistake and have moved on.
You guys quit confusing Bouchump with facts. It's those evil oil companies closing refineries...
Sorry you can't focus on the effects of two factors -- but you've proved yourself to be wholly incapable of understanding much of anything today.
Good "work"!
Yes, normal seasonal fluctuations.
Did they repair the damaged refinery in Anacortes yet?
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